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Maruti Suzuki Q1 results: tap up 47% to Rs 3,650 cr over demand of Sport utility vehicles Company Results

.Maruti is among the initial carmakers in India to mention results in a fourth where automobile sales have reached a two-year low as India's standard vote-castings as well as extreme warm hurt requirement|Picture: Shutterstock2 minutes reviewed Last Updated: Jul 31 2024|4:12 PM IST.Maruti Suzuki, India's top carmaker through sales, uploaded first-quarter earnings above market desires on Wednesday, assisted through boosting demand for its sport utility vehicles (SUV), which delivered its allotments up 3.9 per cent.The 'Brezza' sport utility vehicle manufacturer's standalone revenue for the April-June fourth expanded 47per penny to Rs 3,650 cr ($ 436 million), covering experts' estimates of Rs 3,320 cr, per LSEG information.Maruti is just one of the very first carmakers in India to mention cause a quarter where automobile sales have attacked a two-year low as India's basic elections and also excessive warm hurt need. The company's sales likewise increased at their slowest pace in nine quarters.Still, Maruti mentioned a 29 per cent increase in SUV sales, sufficient to improve profits through 9.8 per cent to Rs 33,875 cr.The allotment of SUV sales in Maruti's overall purchases grew to 31 percent coming from 25 per cent a year ago, creating it the company's second-biggest section after compact cars.Rivalrous Mahindra &amp Mahindra, which also makes SUVs, uploaded a larger modified profit earlier in the time.( Just the title as well as image of this document might possess been actually revamped by the Service Criterion workers the remainder of the content is auto-generated coming from a syndicated feed.).Initial Posted: Jul 31 2024|3:47 PM IST.