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Last updated: January 24, 2023, 1:26 PM IST
Maruti Suzuki Fronx (Photo: Paras Yadav/News18.com)
Maruti Suzuki Q3 results beat estimates: Reports net profit for quarter ending December at Rs 2,351 crore
Results Maruti Suzuki Q3: Maruti Suzuki India Ltd’s net profit for the quarter ended December has more than doubled on an annualized basis to Rs 2,351 crore. Meanwhile, revenue from operations rose by nearly 25 percent year-on-year to Rs 29,044 crore and also exceeded the estimated Rs 27,162 crore.
The company’s EBITDA margin also exceeded 9 percent for the second quarter in a row.
For the December quarter, Maruti reported revenue growth of 24.9 percent compared to the same period a year ago.
Sequentially, the bottom line was up 14 percent, but the top line was down nearly 3 percent.
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