Maruti Suzuki India (MSIL), the country's largest carmaker, on Tuesday reported a 48 per cent fall in third-quarter (Q3) net profit, as the global chip shortage slowed production and high material costs squeezed margins.
The carmaker reported a standalone net profit of ₹1,011 crore for the three months ended December, compared with ₹1,941 crore a year earlier.
Standalone revenue for the Gurgaon-based company fell 1 per cent to₹23,246 crore. The preceding quarter saw the top line at ₹20,538 crore.
The company hopes to increase production in the fourth quarter, although it will not reach full capacity.
Diese Geschichte stammt aus der January 26, 2022-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der January 26, 2022-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Modi 3.0? Street celebrates on result eve
Sensex, Nifty jump over 3% each; investor wealth surges ₹14 trn; FPIs pump in ₹6.9K cr
Kerala lab develops Nipah-like particle
This non-infectious particle will help in vaccine production; second-stage test to be conducted on mice
Over 30% employees experience age-related discrimination at work
Overall 31 per cent of employees in India have experienced agerelated discriminations across sectors with the highest prevalence reported in multinational companies, a study said on Monday.
Remove claim of '100% fruit juice' from labels, ads: FSSAI directs FBOs
The Food Safety and Standards Authority of India (FSSAI) on Monday directed all food business operators (FBOs) to remove any claim of '100 per cent fruit juices' from the labels and advertisements of reconstituted fruit juices with immediate effect.
Democracy, DeepTech and a Developed India
As India wraps up the 2024 general elections, technology has taken center stage within the public discourse on an unprecedented scale.
Titan's near-term margin headwinds on watch
Watch and jewellery maker prioritising sourcing, pricing, product innovation, and operational efficiencies
SBI becomes first PSB to cross ₹8 trn mcap
The State Bank of India (SBI) on Monday became the first public sector bank (PSB) and the seventh Indian company to cross the 8 trillion market capitalisation (mcap).
2019 redux in exit poll-driven rally
ENTER, EXIT POLLS: Sensex soared after 2019 exit polls, foreshadowing BJP-led NDA dominance
Exit poll rally: Adani group value soars ₹1.6 trn to near ₹20 trn
The market capitalisation of the Gautam Adani-led group neared ₹20 trillion on Monday as investors lapped up shares of all the 10-listed companies belonging to the portsto-airports conglomerate.
Sensex @80,000? Brokerages remain bullish on markets
The exit poll outcome propelled the Indian stock markets on Monday, with the Sensex closing the session at 76,469, with a gain of 2,508 points, or 3.4 per cent.
