Maruti Suzuki Q1 profit declines 27.3% to Rs 1,435 crore, revenue slips 14%

The company's volume declined 17.9 per cent to 402,594 units in the quarter.

Maruti Suzuki reported a consolidated net profit of Rs 1,376.8 crore for June quarter as compared to Rs 2,015.1 crore from the same period previous year. The company attributed this to lower sales volume and higher depreciation expenses.

Consolidated total revenue from operations stood at Rs 19,732.6 crore as against Rs 22,470.8 crore in the year-ago quarter.

Analysts at Edelweiss had expected Maruti to report a 16 per cent dip in revenues on YoY basis to Rs 18,626.9 crore, while net profit was seen slipping 38 per cent to Rs 1,224.2 crore. READ MORE HERE