Net profit rises 33% as sales and margin improve

  • Maruti Suzuki India’s 3Q net profit rose 33% to INR32.07B
  • Revenue increased 15% to INR335.13B
  • Sales rose 7.6% to 501,207 units
  • Net profit margin improved to 9.8%
  • Exports grew 16% to 71,785 vehicles

Maruti Suzuki India, the Indian unit of Japan’s Suzuki Motor, reported a strong performance in the third quarter. The company’s net profit rose 33% to INR32.07 billion, driven by increased sales and improved margin. Revenue also saw a significant increase of 15% to INR335.13 billion, with sales rising 7.6% to 501,207 units. The net profit margin improved to 9.8% from 8.4% in the previous year, thanks to a drop in commodity prices, improved capacity utilization, and cost cuts. Additionally, Maruti Suzuki’s exports grew by 16% to 71,785 vehicles, marking the highest-ever in any quarter. The company’s strong performance reflects its efforts to expand its lineup of vehicles for markets outside India.

Public Companies: Maruti Suzuki India (532500.BY), Suzuki Motor (N/A)
Private Companies:
Key People: Kosaku Narioka (N/A)

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Factuality Level: 8
Justification: The article provides specific figures and data to support the claims made about Maruti Suzuki India’s third-quarter net profit, sales growth, and margin improvement. The information is sourced from the Indian unit of Japan’s Suzuki Motor, adding credibility to the report. However, the article lacks any critical analysis or alternative perspectives, which could potentially affect the overall factuality level.

Noise Level: 8
Justification: The article provides information on Maruti Suzuki India’s third-quarter net profit, sales growth, and margin improvement. However, it lacks in-depth analysis, scientific rigor, and intellectual honesty. It does not explore long-term trends or antifragility. It also does not hold powerful people accountable or provide actionable insights or solutions. The article stays on topic and supports its claims with data and examples, but overall, it contains mostly filler content and does not provide significant value.

Financial Relevance: Yes
Financial Markets Impacted: Maruti Suzuki India

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to the financial performance of Maruti Suzuki India, a major automotive company. It reports on the company’s third-quarter net profit, sales growth, and improved margin. There is no mention of any extreme event or its impact.

Reported publicly: www.marketwatch.com