The second wave of the pandemic adversely impacted on the Q1 production and sales. While all parameters this quarter were substantially better than Q1 of FY2020-21, a comparison is not meaningful because Q1 last year had a much higher degree of disruption due to the pandemic. Sales in Q1 remain far below the previous high in Q1 of FY2018-19.
Highlights: Quarter 1 (April-June), FY 2021-22
Sales Volume:
The Company sold a total of 353,614 units during the Quarter. Sales in the domestic market stood at 308,095 units. Exports were at 45,519 units. During the same period previous year (Quarter 1 FY 2020-21), the Company sold a total of 76,599 units including sales of 67,027 units in domestic market and exports of 9,572 units.
For reference, the total sales in Quarter1 FY2018-19 stood at 490,479 units.
During the Quarter 1 FY 2021-22, the Company registered
Profit After Tax:
The Company made a Net Profit of INR 4,408 million in the Quarter 1 FY 2021-22 compared to a loss of INR 2,494 million in Quarter 1 FY 2020-21
The profit for the Quarter 1 FY 2021-22 was primarily impacted due to lower sale volumes. Commodity prices increased steeply but the company continued to make efforts to reduce costs.
Our Honorary Chairman
The Board, in the meeting today noted that Mr
Issued by:
Corporate Communications,
1,
Vasant Kunj,
Ph: 91-11-4678 1000
Email: corp.comm@maruti.co.in
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