Maruti Q2 revenue jumps fourfold

Maruti Suzuki India on Friday reported a standalone internet revenue of Rs 2,061 crore for the three months to September, a fourfold leap year-on-year. Profits have been buoyed by the improved provide of chips that boosted manufacturing and a weaker yen.

The whole income from operations on the nation’s largest carmaker grew by 46 per cent y-o-y to Rs 29,930 crore, driving up the working revenue margin to a seven-quarter excessive of 9.3 per cent. The inventory ended Friday’s session at Rs 9,494.10, on the BSE, up almost 5 per cent over Thursday’s shut as traders cheered the outcomes. Chairman RC Bhargava stated in a post-earnings media name that the corporate was anticipating total gross sales by the top of this 12 months to be roughly of the identical order as in 2018-19.  FE