Auto major Maruti Suzuki posted a decline in its net profit in the second quarter (Q2) of fiscal year 2025. According to the quarterly earnings, Maruti Suzuki reported a decline of 17.4 percent in its profit in Q2 FY25. The auto majors posted a standalone profit of Rs 3,069 crore compared to Rs 3,716 crore in the corresponding quarter last fiscal year.
The company’s consolidated revenue from operation remained flat at Rs 37,449 crore in Q2 year-on-year.
The company sold a total of 541,550 vehicles during the quarter, of which the domestic market volume was 463,834 vehicles and the export volume was 77,716 vehicles. While the domestic volume declined by 3.9 percent, the export volume grew by 12.1 percent compared to the same period of the previous year. During the quarter, the company registered net sales of Rs 35,589 crore against Rs 35,535 crore in the same period of the previous year.
In the first half of FY25 (1H April and September), Maruti Suzuki sold a total of 1,063,418 units during the period, comprising 915,142 units in the domestic market and 148,276 units in the export market. While the domestic market sales declined by 0.3 percent, the export sales volume grew by 11.9 percent year-on-year.
The company registered its highest-ever half-yearly net sales of Rs 69,464 crore in H1FY2024-25 as compared to Rs 66,380 crore in H1FY2023-24. Net Profit in H1FY2024-25 was at Rs 6,719 crore as against Rs 6,201 crore in H1FY2023-24.
Separately, Maruti Suzuki on Tuesday approved the amalgamation of Suzuki Motor Gujarat Private Limited, a wholly-owned subsidiary of the Company. According to the auto company, the amalgamation will consolidate the business of both companies which will result in focused growth, operational efficiencies, and enhanced business synergies.
The appointed date for the amalgamation is 1st April 2025, subject to all legal and regulatory compliances, the company added.
Shares of Maruti Suzuki were down 3.11 percent to Rs 11,132.80 at 3:00 pm after the declaration of the Q2 result.