Maruti Suzuki India (MSIL) shares rose to a new high of Rs 13,675 on the BSE on Thursday. The shares of Maruti Suzuki India increased by 4% during intraday trading and by 6% over the previous two trading days following the company’s release of impressive June quarter (Q1FY25) results.
The largest automaker in India, MSIL, beat street estimates and reported an overall net profit growth of 46.9% year over year (Y-o-Y) at Rs 3,649.90 crore for Q1FY25. This growth was mostly driven by strategic cost reductions, favourable commodity prices and favourable foreign exchange conditions.
5.22 lakh units were sold during the quarter, a 4.8% YoY increase. However, on a quarter-over-quarter (QoQ) basis, it was down 10.6%. Q1FY25 net sales increased 9.8% Y-o-Y to Rs 33,875 crore.
Earnings before interest, taxes, depreciation and amortization (Ebitda) margins for the quarter were 12.7%, up 42 bps quarter on quarter. The margin gain was driven by decreased manufacturing and administrative expenditures, favourable foreign exchange movements, lower commodity prices and higher operating income.
As of 10:57 am, Maruti Suzuki shares were trading 1.36% higher at Rs 13,293.75.
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