During the quarter, Maruti sold a total of 4.95 lakh vehicles, up 13.4 per cent on YoY basis. Sales in the domestic market stood at 4.67 units, higher by 13 per cent YoY. Exports were at 28,528 units, up by 20.6 per cent.
Maruti's Q3 earnings before interest, tax, depreciation, and ammortisation (Ebitda) came in at Rs 2,226 crore, up 6 per cent YoY, while Ebitda margin for the quarter stood at 9.5 per cent against 10.1 per cent reported in Q3FY20.
The company said that improved capacity utilisation, lower sales promotion expenses, cost reduction efforts and higher value gains on invested surplus contributed positively to the margin movement. On the other hand, adverse commodity prices, unfavorable product mix, and adverse foreign exchange fluctuation had a negative impact.
Meanwhile, Maruti's realisations for the quarter under review came in at Rs 4.73 lakh/unit while its tax expense grew to Rs 508.4 crore from Rs 441.6 crore in the year-ago quarter.
Maruti Suzuki's stock slid 3.6 per cent from the day's high to Rs 7,687.05 after the announcement of the quarterly results. At 1:58 PM, the stock was trading 1.86 per cent down at Rs 7,720 as compared to 1.27 per cent decline in the benchmark S&P BSE Sensex.
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