New Delhi: Shares of Maruti Suzuki India Ltd rose over 3 per cent on Tuesday after the firm reported a more than two-fold jump in its December quarter net profit. Shares of the automobile maker closed at Rs 8,698.60 per share, up 3.27 per cent, on the BSE.
On the NSE, it closed at Rs 8,696, up 3.31 per cent. Maruti Suzuki India (MSI) on Tuesday reported a more than two-fold jump in its net profit to Rs 2,351.3 crore for the third quarter ended December 31, 2022, driven by a rise in product portfolio and strong sales. Caused by ,Also Read: Bank Holidays February 2023: Bank branches to remain closed for 10 days in the second month of the year; View city wise list,
The auto major had reported a net profit of Rs 1,011.3 crore in the October-December quarter of the last fiscal, it said in a regulatory filing. ,Also read: Union Budget 2023: From tax relief to job creation, five big expectations from the upcoming budget,
During the third quarter of 2022-23, the company said its net sales rose to Rs 27,849.2 crore, as against Rs 22,187.6 crore in the year-ago period.
The country’s largest carmaker said it sold a total of 4,65,911 vehicles during the third quarter of FY23.
Sales in the domestic market stood at 4,03,929 units while exports stood at 61,982 units during the quarter under review.
The 30-share BSE Sensex rose 37.08 points, or 0.06 per cent, to 60,978.75 on Tuesday.