Maruti Suzuki Q1 profit falls 62% as Covid-19 hits output, sales

Commodity super cycle to hit margins, says carmaker

Maruti Suzuki has said it will continue to witness pressure due to surge in input materials cost even though the company sees better-than-expected recovery in demand.
 
Operating margin stood at 4.8 per cent compared to 8.6 per cent in the previous quarter while profit fell for the second straight quarter, missing estimates, as local lockdowns to curb the deadlier second Covid-19 wave disrupted production and sales.
 
Net profit of India’s largest carmaker slumped 62 per cent sequentially to Rs 440 crore in the quarter ended June. It sold 25 per cent fewer vehicles than the preceding quarter, at