Maruti Suzuki posts 26% rise in Q3 profit at Rs 1,997 crore; revenue up 13%

During the quarter, Maruti sold a total of 4.95 lakh vehicles, up 13.4 per cent on YoY basis

Auto major Maruti Suzuki, on Thursday, reported a 25.8 per cent year-on-year growth in consolidated profit at Rs 1,996.7 crore for the December quarter of FY21 (Q3FY21) while revenue rose 13.26 per cent to Rs 23,471.3 crore. In comparison, the company had posted revenue of Rs 20,721.8 crore and profit of Rs 1,586.9 crore in the corresponding quarter of last year.

On a standalone basis, Maruti's revenue came in at Rs 23,458 crore while profit after tax (PAT) stood at Rs 1,941.4 crore.

Analysts at HDFC Securities had expected Maruti's revenues to grow by 14 per cent YoY to Rs