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Shares of Maruti Suzuki India rose over 2% to Rs 11,325 in morning commerce on December 2; Key factors buyers ought to know
Maruti Suzuki Baleno Regal Edition. (File picture)
Shares of Maruti Suzuki India rose over 2% to Rs 11,325 in morning commerce on December 2 after the corporate reported a ten% year-on-year enhance in whole gross sales, reaching 1,81,531 items in November 2024, up from 1,64,439 items in the identical month final yr.
Sales of mini automobiles, together with the S-Presso and Alto, totaled 9,750 items, a slight decline from 9,959 items. Compact automobile gross sales (Dzire, Baleno, Celerio, Swift, Tour S, Ignis, WagonR) fell by 5.1% to 61,373 items, in comparison with 64,679 items in November 2023.
Utility automobile gross sales (Brezza, Grand Vitara, Ertiga, XL6) rose to 59,003 items, up from 49,016 items final yr. Van gross sales of the Eeco elevated to 10,589 items, in comparison with 10,226 items beforehand, whereas gentle industrial automobile gross sales of the Super Carry grew to 2,926 items, up from 2,509 items.
For Q2 FY25, Maruti Suzuki reported an 18% decline in internet revenue, which fell to Rs 3,103 crore. Revenue from operations for the July-September quarter rose marginally by 0.3% year-on-year to Rs 37,449 crore, exceeding the consensus estimate of Rs 37,128 crore.
The drop in internet revenue was primarily as a consequence of a deferred tax legal responsibility of Rs 1,018 crore, partly ensuing from regulatory modifications affecting indexation advantages and tax charges on capital positive factors from debt mutual funds, a matter beforehand disclosed by the corporate in August.
Despite the weak earnings, the corporate noticed resilience in its export market, with volumes rising 12.1% to 77,716 items, whilst home volumes declined by 3.9% to 4.64 lakh items within the September quarter.
At round 12:40 PM, Maruti Suzuki’s shares have been buying and selling at Rs 11,285, up 2% from the earlier shut on the NSE. The inventory has corrected by 10% because the starting of the yr.
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