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Maruti Suzuki posted an increase of 3.44% in profit after tax (PAT) at Rs.2,484.3 crore for the quarter ended September 30.
Last year in the corresponding quarter the company had reported a profit of Rs 2,401.5 crore.
The company’s revenues rose 21.8 percent at Rs 21,768 crore against Rs 17,869 crore year on year.
As per Maruti, its cost reduction initiatives and lower discount were reasons for margin movement along with economies of scale.
Further it stated that, adverse commodity prices, higher advertisement and sales promotion expenses impacted margins.
