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Maruti Suzuki Q1 results: PAT up 47% to Rs 3,650 cr on high demand of Sport utility vehicles Provider Results

.Maruti is one of the first carmakers in India to disclose cause a fourth where car purchases have reached a two-year low as India's basic vote-castings and excessive heat injured demand|Image: Shutterstock2 min reviewed Last Upgraded: Jul 31 2024|4:12 PM IST.Maruti Suzuki, India's leading carmaker by sales, submitted first-quarter income above market desires on Wednesday, aided by increasing requirement for its four-wheel drive (SPORT UTILITY VEHICLE), which delivered its allotments up 3.9 per-cent.The 'Brezza' SUV supplier's standalone earnings for the April-June one-fourth expanded 47per cent to Rs 3,650 cr ($ 436 million), topping professionals' estimates of Rs 3,320 cr, every LSEG data.Maruti is among the first carmakers in India to mention results in a fourth where vehicle sales have hit a two-year reduced as India's general vote-castings and also extreme warmth injured requirement. The company's purchases additionally developed at their slowest rate in 9 quarters.Still, Maruti mentioned a 29 per cent surge in sport utility vehicle sales, enough to increase income by 9.8 per-cent to Rs 33,875 cr.The allotment of sport utility vehicle purchases in Maruti's overall sales expanded to 31 percent from 25 percent a year ago, creating it the firm's second-biggest portion after compact automobiles.Competing Mahindra &amp Mahindra, which also creates SUVs, uploaded a bigger modified income earlier in the day.( Merely the heading as well as photo of this file may have been actually revamped due to the Organization Criterion personnel the remainder of the information is actually auto-generated coming from a syndicated feed.).First Published: Jul 31 2024|3:47 PM IST.

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