Business

Maruti Suzuki Q1 results: PAT up 47% to Rs 3,650 cr on high requirement of SUVs Business Results

.Maruti is one of the initial carmakers in India to mention results in an one-fourth where car sales have reached a two-year low as India's general vote-castings and also extreme heat energy hurt requirement|Photograph: Shutterstock2 min read through Last Upgraded: Jul 31 2024|4:12 PM IST.Maruti Suzuki, India's best carmaker through purchases, posted first-quarter revenue over market desires on Wednesday, helped by boosting requirement for its own four-wheel drive (SUV), which sent its own reveals up 3.9 percent.The 'Brezza' SUV supplier's standalone revenue for the April-June one-fourth grew 47per cent to Rs 3,650 cr ($ 436 million), covering analysts' price quotes of Rs 3,320 cr, every LSEG information.Maruti is just one of the initial carmakers in India to mention results in an one-fourth where cars and truck purchases have struck a two-year reduced as India's general political elections as well as severe heat energy injured requirement. The business's purchases also grew at their slowest speed in 9 quarters.Still, Maruti disclosed a 29 percent increase in sport utility vehicle sales, sufficient to boost earnings through 9.8 percent to Rs 33,875 cr.The share of sport utility vehicle purchases in Maruti's general sales expanded to 31 percent coming from 25 per-cent a year back, creating it the firm's second-biggest segment after compact autos.Rivalrous Mahindra &amp Mahindra, which likewise produces Sport utility vehicles, uploaded a bigger modified revenue earlier in the time.( Merely the headline and also image of this record may possess been revamped due to the Service Requirement personnel the remainder of the information is auto-generated coming from a syndicated feed.).First Published: Jul 31 2024|3:47 PM IST.