Maruti Suzuki posts 2% YoY growth in Q2 profit at Rs 1,420 crore

During the quarter, Maruti sold a total of 3.93 lakh vehicles, up 16.2 per cent on YoY basis

Auto major Maruti Suzuki on Thursday reported 2.05 per cent year-on-year growth in consolidated profit at Rs 1,419.6 crore for the September quarter of FY21 (Q2FY21) while revenue rose 10.34 per cent to Rs 18,755.6 crore. In comparison, the company had posted revenue of Rs 16,997.9 crore and profit of Rs 1,391 crore in the corresponding quarter of last year.

On a standalone basis, Maruti's revenue came in at Rs 18,744.5 crore while profit after tax (PAT) stood at Rs 1,371.6 crore.

Analysts at Nomura had expected Maruti's Q2 revenue growth at 11 per cent YoY at Rs 18,871.2