Maruti Suzuki India (MSI) on Wednesday reported over two-fold bounce in its consolidated web revenue to Rs 1,036 crore for the primary quarter ended June 30, primarily resulting from a low base within the year-ago interval.
The auto main had posted a web revenue of Rs 475 crore within the COVID-hit April-June quarter of the final fiscal.
Its web gross sales rose to Rs 26,512 crore within the June quarter in comparison with Rs 17,776 crore in the identical interval of 2021-22.
Performance within the first quarter of the final 12 months was affected by COVID-related shutdowns and disruptions, and therefore comparability with the primary quarter this 12 months just isn’t on a like-to-like foundation, MSI mentioned in a press release.
It offered 4,67,931 autos through the June quarter towards 3,53,614 models within the year-ago interval.
Sales within the home market stood at 3,98,494 models, whereas exports have been 69,437 models, the best ever in any quarter, MSI mentioned.
In Q1 of final fiscal, the corporate had offered 3,08,095 models within the home market and 45,519 models within the export markets, it added.
On a standalone foundation, the corporate reported a web revenue of Rs 1,013 crore towards Rs 440 crore within the first quarter of 2021-22.
The web gross sales stood at Rs 25,286 crore in comparison with Rs 16,799 crore a 12 months in the past.
MSI said that the scarcity of digital elements within the first quarter resulted within the non-production of about 51,000 autos.
Pending buyer orders stood at about 2,80,000 models on the finish of the quarter, and the corporate is making efforts to serve these orders quick, it added.
The auto main famous that the rise in costs of commodities adversely impacted its working revenue within the April-June quarter.
The firm was pressured to extend the costs of autos to partially offset this impression, it added.
Shares of the corporate have been buying and selling 1.66 per cent up at Rs 8,663.4 apiece on the BSE.
