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On Thursday, Maruti Suzuki, the largest car maker of the country has posted a 15.8 percent YoY increase in its profit after tax (PAT) at Rs 1,709 crore.
According to the company “the growth in volumes, increase in share of the company’s higher segment models, benefits due to full capacity utilization and cost reduction efforts contributed to the increase in profits. This was partially offset by increase in commodity prices and adverse forex movement.”
The sales for the quarter has been at Rs 18,005 crore which is up 20.3 percent year-on-year basis.
The company has said in a BSE filing that the profit before tax increased 9.3 percent YoY to Rs 2,282 crore.
