- By Aditya Pratap Singh
- Wed, 31 Jul 2024 06:39 PM (IST)
- Source:PTI
Maruti Suzuki Q1 Result: Maruti Suzuki India reported a 47 percent increase in its net profit to Rs 3,650 crore for the April-June quarter on Wednesday, owing to cost-cutting efforts, favorable commodity prices, and foreign exchange gains. The auto giant had recorded a net profit of Rs 2,485 crore in the April-June quarter of the previous fiscal. According to an exchange filing, net sales increased to Rs 33,875 crore in the June quarter, up from Rs 30,845 crore in the year-ago period.
The country's largest carmaker stated that it sold 5,21,868 vehicles during the first quarter, up 5% from the same period last fiscal. The corporation stated that it sold 4,51,308 units in the domestic market in the first quarter, up 4% from the same period last fiscal.
Exports increased by 12% year-over-year to 70,560 units in the April-June quarter. The company's shares ended 2.28 percent higher at Rs 13,167.95 each on the BSE.
Also Read: Fiscal Deficit Stood At 8.1% Of Full-Year Target At June-End: CGA Data
Mankind Pharma Q1 Result
Mankind Pharma said on Wednesday that its net profit increased 10% year-on-year to Rs 543 crore in the quarter ended June 30, 2024, compared to the previous fiscal quarter.
In a statement, Mankind Pharma said that its revenue from operations increased to Rs 2,893 crore during the review period from Rs 2,579 crore in the year-ago period. The company's shares fell 1.21% to close at Rs 2,031.15 on the BSE on Wednesday.