Maruti Suzuki Q3 Results: The country’s largest automobile company Maruti Suzuki has announced the results for the third quarter of 2021-22. According to these results, the profit of Maruti has decreased by 48 percent. In the third quarter between October and December, Maruti’s profit has been Rs 1042 crore.
Let us tell you that in the same quarter of the last financial year, the profit of Maruti Suzuki was Rs 1997 crore, which has decreased by 48 percent to Rs 1042 crore in the quarter of this financial year. The company’s revenue stood at Rs 23,253 crore, which is one percent less than the same quarter last year. Earlier, in the second quarter, the revenue of Maruti was Rs 20,551 crore.
Let us tell you that in 2021, Maruti Suzuki has to face many problems. Along with the increase in raw material prices, the company has faced semiconductor shortage, which has impacted production and sales. However, by increasing the prices in January 2022, the company has tried to pass on the increase in cost to the customers.
Maruti Suzuki’s results are being told better than the market estimates, due to which the shares are seeing a great rise after the announcement of the results. Maruti’s stock is trading at a price of Rs 8573 with a gain of 6.48 percent.
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