Maruti Suzuki Q2 Results : Reports 334% YoY growth, Share price jumps to 5%

The country’s largest car maker Maruti Suzuki India on October 28 reported a massive 334 percent year-on-year (YoY) growth in its standalone net profit for the quarter ended September FY23 (Q2FY23).
Healthy operating performance, sales volumes, and topline along with higher other income supported the bottom line.

The standalone profit increased to Rs 2,061.5 crore for the quarter, up from Rs 475.3 crore in the same period last year.