Maruti Suzuki just had the best Q2 performance! Profits go up 42% to Rs 1,225 crore

Riding high on robust sales, reduction in material cost and favourable foreign exchange, Maruti Suzuki India posted a 42.1% rise in net profit at Rs 1,225.56 crore for the second quarter ended September 30.

India’s largest carmaker had posted a net profit of Rs 862.54 crore during the same period of the previous fiscal.

Net sales of the company rose by 13.2% to Rs 13,574.8 crore during the second quarter as against Rs 11,996.33 crore during the same period in 2014, according to a statement.

The company sold 3,53,335 vehicles during the second quarter, a growth of 9.8%, over 3,21,898 units in the second quarter of 2014-15.

(Image: Indiatimes)