Maruti Suzuki India's Profits Surge by 47% in June Quarter FY25

Maruti Suzuki India has reported a significant 47% increase in net profit for the June quarter FY25, reaching Rs 3,650 crore. This growth is attributed to cost reduction measures, favorable commodity prices, and foreign exchange gains. Net sales also saw a rise, totaling Rs 33,875 crore. The company's board has recommended the appointments and reappointments of independent directors.

Maruti Suzuki India on Wednesday reported a 47 per cent jump in net profit to Rs 3,650 crore for the June quarter of FY25, driven by cost reduction efforts, favourable commodity prices, and foreign exchange gains.

The automaker had recorded a net profit of Rs 2,485 crore in the April-June quarter of FY24.

According to an exchange filing, net sales increased to Rs 33,875 crore in the June quarter, up from Rs 30,845 crore in the same period last year.

The profit boost was attributed to the company's cost-cutting strategies, advantageous commodity prices, and foreign exchange gains.

During the first quarter, Maruti Suzuki India sold 5,21,868 vehicles, which is a 5 per cent increase compared to the prior fiscal year.

Domestic sales reached 4,51,308 units in the first quarter, showing a 4 per cent rise over the same period in FY24, while export sales surged 12 per cent to 70,560 units.

Additionally, the company's board has proposed the appointment of Anjali Bansal and Ireena Vittal as independent directors and recommended the reappointment of Lira Goswami as an independent director.

Shares of the automaker closed 2.28 per cent higher at Rs 13,167.95 each on the BSE.

(With inputs from agencies.)