Mumbai, Jan 30: Leading car manufacturer Maruti Suzuki India Ltd on Wednesday reported a 16 per cent increase in net profit to Rs 3,727 crore for the October-December quarter of the current financial year, compared to the corresponding figure of Rs 3,206.8 crore in the same quarter last year.The company’s revenue from operations rose 15.7 per cent year-on-year to Rs 38,764.3 crore on the back of higher sales from Rs 33,512.8 crore in the same quarter of the previous year.
However, the auto major’s total expenses during the third quarter also went up by 16 per cent year-on-year during the quarter to Rs 35,163 crore.
On a standalone basis, the company’s net profit rose 13 per cent year-on-year to Rs 3,525 crore from Rs 3,130 crore in the same quarter last year.
The company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) grew 14.4 per cent year-on-year to Rs 4,470.3 crore from Rs 3,907.9 crore in the same quarter last year. However, EBITDA margin fell marginally to 11.6 per cent from 11.7 per cent year over year.
The auto major said it registered the highest-ever net sales of Rs 36,802 crore during the quarter up from Rs 31,860 crore in the same period last year.
Maruti Suzuki said in a regulatory filing that its sales increased nearly 13 per cent year over year. It sold 5,66,213 vehicles during the quarter, compared to 5,01,207 units in the same quarter last year.
Maruti Suzuki sold 4,66,993 vehicles in the domestic market during the third quarter compared to 4,29,422 units in the same quarter last year. It also exported 99,220 units in the quarter which was the highest-ever in any quarter. Last year, during the same quarter, the company had exported 71,785 units.
Meanwhile, Maruti Suzuki India Ltd on Wednesday said its board has approved the reappointment of Hisashi Takeuchi as Managing Director and Chief Executive Officer for a further period of three years with effect from April 1, 2025.
The board in its meeting held on January 29, 2025 approved the appointment of Takeuchi as MD and CEO for a further period of three years till March 31, 2028, Maruti Suzuki India said in a regulatory filing.
Takeuchi was first appointed as Managing Director and Chief Executive Officer with effect from April 1, 2022, consequent to the completion of the term of his predecessor Kenichi Ayukawa on March 31, 2022.
He has been on the Board of Maruti Suzuki since July 2019 and was Joint Managing Director (Commercial) from April 2021 till his elevation.
He joined Suzuki Motor Corporation (SMC) in 1986 and has a vast experience in the international operations at SM