Maruti shares rise nearly 6pc after earnings announcement, Auto News, ET Auto | Job Binary


Maruti shares rose nearly 6pc after the earnings announcement

New Delhi: Shares of Maruti Suzuki India rose nearly 6 percent on Friday after the company reported a four-fold rise in consolidated net profit for the second quarter ended September 2022. The stock rose 4.95 percent to settle at Rs 9,494.10. BSE. During the day, it rallied 5.54 percent to its 52-week high of Rs 9,548.

On the NSE, it jumped 5.59 percent each to end at Rs 9,548.

The company’s market valuation rose to Rs 13,534.83 crore from Rs 2,86,797.83 crore on the BSE.

It was the biggest gainer in Sensex and Nifty.

Maruti Suzuki India on Friday reported a four-fold rise in consolidated net profit to Rs 2,112.5 crore for the second quarter ended September 30, 2022, on record sales.

The company posted a consolidated net profit of Rs 486.9 crore in the last fiscal year, it said in a regulatory filing.

Total operating income was 29,942.5 million, compared to 20,550.9 million last year.

Maruti Suzuki said it sold a total of 5,17,395 vehicles during the quarter, the highest ever for a quarter.



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