Net profit rose to ₹3,716.5 crore for the quarter ended 30 September from ₹ 2,061.5 crore in the year earlier, the company said on Friday. Analysts polled by Bloomberg expected the company to report a 3,040 crore profit for the quarter.
The carmaker's performance also received a boost from its cost-reduction programmes. Maruti sold 1.05 million units during the first half of the fiscal year for the first time, setting it on course to achieve 2 million units in sales for the full fiscal year.
Shares of Maruti Suzuki rose to a record ₹ 10,803.5 on BSE in response to the company's robust financial performance before settling 1.2% higher at ₹10,552.9 on a day the broader BSE Sensex climbed 1%.
Standalone revenue rose 29% to 137,062.1 crore for the September quarter from ₹29,930.8 crore a year earlier. Earnings before interests and taxes (EBIT) per vehicle improved by 83% to a record ₹72,277 during this period.
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