Maruti Suzuki Q1 results: Firm posts Rs 249 crore loss, still beats estimates

Maruti Suzuki India on Wednesday reported a standalone net loss of Rs 249.4 crore in the quarter ended June 2020 against profit of Rs 1,435.5 crore a year ago, hurt by Covid-19-induced lockdown.

The figure, however, was less than analysts’ expectations. An ET Now poll had projected a net loss of Rs 340 crore for the company.

Sales for India’s top car maker plunged to Rs 3,677.5 crore, from Rs 18,735.2 crore a year ago.

More to come…


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