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Maruti Suzuki Q2FY23 PAT up 334% yoy at Rs2,113 crore on higher capacity utilization and better realizations

29 Oct 2022 , 06:14 PM

Maruti Suzuki Ltd reported 45.7% growth in total revenues for the September 2022 quarter on consolidated basis at Rs29,943cr.

Revenue increase was 12.94% in sequential terms. For Q2FY23, Maruti sold record 517,395 units comprising 454,200 units in domestic sales and 63,195 units in export sales.

Microchip shortage impacted about 35,000 vehicles. Pending orders stood at 412,000 units, including about one-third in recently launched models. In the first half of the FY23 ended September,

Maruti sold 985,326 units comprising of 852,694 units of domestic sales and 132,632 units of export sales in the first half.


Consolidated Profit after tax (PAT) for September 2022 quarter was up 334% at Rs2,113 crore and it was up 103.87% on sequential basis.

Operating profits at Rs2m946 crore in Q2FY23 was up 20-fold on yoy basis. Profit boost was driven by improve sales volumes and better realizations, cost reduction efforts and favourable forex movements.

However, there was some pressure from higher ad costs and power/fuel costs. Better sourcing resulted in raw material costs falling by 160 bps on a yoy basis.

Employee costs fell 60 bps. Net profit margins at 7.06% in Q2FY23 is higher compared to 2.37% in Q1FY22 and 3.91% in Q1FY23.

Financial highlights for Sep-22 compared yoy and sequentially

Maruti Suzuki
Rs in Crore Sep-22 Sep-21 YOY Jun-22 QOQ
Total Income (Rs cr) ₹ 29,943 ₹ 20,551 45.70% ₹ 26,512 12.94%
Net Profit (Rs cr) ₹ 2,113 ₹ 487 333.87% ₹ 1,036 103.87%
Diluted EPS (Rs) ₹ 69.93 ₹ 16.12 ₹ 34.30
Net Margins 7.06% 2.37% 3.91%

Related Tags

  • auto sector
  • Maruti Suzuki management
  • Maruti Suzuki news
  • Maruti Suzuki Q2
  • Maruti Suzuki Q2FY23 Auto business
  • Maruti Suzuki Q2FY23 PAT
  • Maruti Suzuki Q2FY23 Result
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