New Delhi: The country’s largest car manufacturer Maruti Suzuki India on Wednesday reported a 66 per cent decline in consolidated net profit at Rs 487 crore for the second quarter ended September 30, 2021, as production was hit by the ongoing semiconductor shortage.
The rise in commodity prices also had an adverse impact on the earnings of the company.
Maruti Suzuki India said in a statement that the company had posted a consolidated net profit of Rs 1,420 crore in the second quarter of the last financial year.
Consolidated revenue from operations stood at Rs 20,551 crore in the second quarter as against Rs 18,756 crore in the year-ago period.
Total vehicle sales in the second quarter declined by 3 per cent to 3,79,541 units as against 3,93,130 units in the same period last fiscal.
The rise in commodity prices also had an adverse impact on the earnings of the company.
Maruti Suzuki India said in a statement that the company had posted a consolidated net profit of Rs 1,420 crore in the second quarter of the last financial year.
Consolidated revenue from operations stood at Rs 20,551 crore in the second quarter as against Rs 18,756 crore in the year-ago period.
Total vehicle sales in the second quarter declined by 3 per cent to 3,79,541 units as against 3,93,130 units in the same period last fiscal.
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