Maruti Suzukireported its highest-ever monthly total sales as well as domestic sales in October.
The automaker delivered a bumper sales performance.
It set a new record of more than 2.76 lakh units in monthly total sales, up 25% from 2.2 lakh units last year.
It also reported a record high in monthly domestic sale of more than 2.16 lakh units, up 20% from 1.8 lakh units the year-ago period.
Its exports jumped 59% to 49,872 units from 31.304 units in the previous year.
Maruti Suzuki reported its second quarter results last month. Its revenue increased 26% to ₹53,340 crore from ₹42,332 crore last year. Its net revenue was also above CNBC-TV18 poll of ₹53,350 crore.
Its net profit declined 26.9% in the second quarter to ₹2,415 crore from ₹3,303 crore last year. It was below Street estimates of ₹2,655 crore.
The automaker’s earnings before interest taxes depreciation and amortization (EBITDA) declined 6.3% to ₹4,763 crore from ₹5,085 crore last year. However, it was above estimates of ₹4,445 crore.
EBITDA margin contracted by 300 basis points to 9% from 12% in the year-ago period. However, it was above Street expectations of 8.4%.
Shares of Maruti Suzuki ended the previous session 0.3% down at ₹11,397 apiece. The stock has declined 31.8% this year, so far.
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