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Maruti Suzuki Q1 results: tap up 47% to Rs 3,650 cr on high requirement of SUVs Company End results

.Maruti is one of the initial carmakers in India to disclose results in a quarter where automobile purchases have struck a two-year low as India's overall vote-castings as well as excessive warm hurt requirement|Photo: Shutterstock2 min reviewed Last Updated: Jul 31 2024|4:12 PM IST.Maruti Suzuki, India's top carmaker by sales, submitted first-quarter earnings over market desires on Wednesday, helped through boosting demand for its own four-wheel drive (SUV), which delivered its own portions up 3.9 percent.The 'Brezza' SUV maker's standalone profit for the April-June quarter expanded 47per penny to Rs 3,650 cr ($ 436 million), topping experts' estimates of Rs 3,320 cr, every LSEG information.Maruti is just one of the very first carmakers in India to state lead to a quarter where automobile purchases have struck a two-year reduced as India's general vote-castings as well as extreme warm hurt demand. The provider's sales additionally developed at their slowest speed in 9 quarters.Still, Maruti disclosed a 29 per-cent increase in SUV sales, enough to boost income through 9.8 per-cent to Rs 33,875 cr.The share of sport utility vehicle sales in Maruti's total sales grew to 31 per-cent from 25 per-cent a year ago, creating it the provider's second-biggest section after compact cars.Competing Mahindra &amp Mahindra, which additionally creates Sport utility vehicles, uploaded a larger adjusted profit previously in the day.( Only the title and photo of this document may have been actually revamped due to the Company Specification staff the rest of the information is actually auto-generated from a syndicated feed.).Initial Released: Jul 31 2024|3:47 PM IST.