Maruti Suzuki Q3 Profit Up 16% to Rs 3,727 cr - Business News
By Rediff Money Desk, New Delhi Jan 29, 2025 14:06
Maruti Suzuki India's net profit for Q3 FY25 rose 16% to Rs 3,727 crore, driven by strong revenue growth. The company also announced the amalgamation of Suzuki Motor Gujarat.
![Maruti Suzuki Q3 Profit Up 16% to Rs 3,727 cr - Business News](https://im.rediff.com/money/2020/oct/29maruti1.jpg?fr=money)
New Delhi, Jan 29 (PTI) Maruti Suzuki India on Wednesday said its consolidated net profit increased by 16 per cent to Rs 3,727 crore for the third quarter ended December 31, 2024.
The auto major had reported a net profit of Rs 3,207 crore in the October-December period of last fiscal.
Total revenue from operations grew to Rs 38,764 crore in the third quarter compared to Rs 33,513 crore in the year-ago period, Maruti Suzuki India said in a regulatory filing.
The company said its board has approved the scheme of amalgamation of Suzuki Motor Gujarat into the auto major.
The board also approved the reappointment of Hisashi Takeuchi as Managing Director and Chief Executive Officer of the company for a further period of three years with effect from April 1, 2025, till March 31, 2028.
Shares of the company were trading 0.72 per cent up at Rs 12,210.75 apiece on the BSE.
The auto major had reported a net profit of Rs 3,207 crore in the October-December period of last fiscal.
Total revenue from operations grew to Rs 38,764 crore in the third quarter compared to Rs 33,513 crore in the year-ago period, Maruti Suzuki India said in a regulatory filing.
The company said its board has approved the scheme of amalgamation of Suzuki Motor Gujarat into the auto major.
The board also approved the reappointment of Hisashi Takeuchi as Managing Director and Chief Executive Officer of the company for a further period of three years with effect from April 1, 2025, till March 31, 2028.
Shares of the company were trading 0.72 per cent up at Rs 12,210.75 apiece on the BSE.
Source: PTI
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