Maruti Suzuki logs Q1 profit of Rs 1,013 cr; clocks highest-ever exports

The company's Q1 numbers missed Street estimates as far as net profit is concerned. Analysts had pegged PAT growth between 200 and 300 per cent on year

Maruti Suzuki Q1FY23 result: Maruti Suzuki India, the country's biggest car maker, reported a standalone net profit of Rs 1,012.8 crore for April-June quarter (Q1FY23), as against profit of Rs 1,838.9 crore in the last quarter of the previous fiscal (Q4FY22), on the back of higher sales. On a consolidated basis, net profit was Rs 1,036.2 crore. 

The profit isn't comparable with last year's bottomline as Q1FY22 was marred by lockdown due to the Delta wave of Covid-19. PAT was Rs 441 crore in the year-ago period.  

Maruti Suzuki sold 467,931 units of vehicles during the quarter ending on June