In the third quarter of the current financial year, Maruti-Suzuki’s profit increased by 24.1 per cent to Rs 1,941.4 crore on an annual basis. Whereas in the third quarter of last year it was Rs 1,565 crore. During this period, the company’s revenue grew by 13.3 percent to Rs 23,458 crore from Rs 20,707 crore in the third quarter of last year.
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The EBITDA of the company increased by 5.9 per cent to Rs 2,226 crore in the third quarter, from Rs 2,102 crore in the third quarter of last year. At the same time, the company’s EBITDA margin has been at 9.5 per cent as against 10.1 per cent on an annual basis. Maruti said in a statement, “These results should be seen in the context that sales volume declined by 16% in FY 2019-20 last year and by about 18% for the industry.”
In these nine months (April-December), Maruti sold 965626 cars, 18 percent less than the previous year. In the domestic market, the company sold 905015 units, which is 17.8% less than the same quarter last year. While the company’s exports also fell by 21.9 percent.