Maruti Suzuki posts 4% YoY rise in Q3 consolidated profit at Rs 1,587 crore

Other income decreased to Rs 784 crore in Q3FY19, against Rs 917.7 crore in the year-ago period

Maruti Suzuki on Tuesday posted 4.1 per cent year-on-year gain in consolidated net profit at Rs 1,587.4 crore for the quarter ended December 31, 2019 on account of cost reduction efforts, lower operating expenses, lower commodity prices and reduction in corporate tax rate. The carmaker had reported profit after tax (PAT) of Rs 1,524.5 crore in the corresponding quarter last year. 

Consolidated total revenue of the company increased 5.35 per cent to Rs 20,721.8 crore in Q3FY20 over Rs 19,680.7 crore in Q3FY19. The company sold 437,361 vehicles during October-December 2019, up 29.3 per cent on a year-on-year basis.

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