Maruti Suzuki stock rises 9% on strong results. Maruti profit rises 3 times the profit in previous year same quarter.
Maruti profit was just 227.45 Cr in previous year Sept. quarter now Maruti Suzuki posted 670.23 Cr in this year quarter.
Last year profit was low due to 1 month long labour unrest in Gurgaon plant.
Maruti revenues are at 10211 Cr up by 27% from previous year quarter.
Vehicle sales grew by 20% to 275586 units.
Depreciated Rs. also helps in rise in profit.
Maruti Suzuki stock rises 9% on strong results. Maruti profit rises 3 times the profit in previous year same quarter.
Maruti profit was just 227.45 Cr in previous year Sept. quarter now Maruti Suzuki posted 670.23 Cr in this year quarter.
Last year profit was low due to 1 month long labour unrest in Gurgaon plant.
Maruti revenues are at 10211 Cr up by 27% from previous year quarter.
Vehicle sales grew by 20% to 275586 units.
Depreciated Rs. also helps in rise in profit.