Maruti Suzuki, currently dealing with an indefinitely shut key Manesar facility following violence and arson there, booked a 23% slide in net profit in the first fiscal quarter to 30 June.
While sales 27.5% to rose to INR105,292m, net profit slid 22.8% to INR4,238m, the automaker said.
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Domestic vehicle sales rose 5% to 263,264 units and exports were up 5.8% to 32,632.
“The growth in net sales was on account of higher total volumes, favourable product mix and enhanced exports realisations,” the automaker said.
“Adverse currency movements, notably the yen-rupee exchange rate, impacted profits negatively.
“Market demand continued to be skewed in favour of diesel cars while petrol cars suffered a sharp [fall] during the quarter.”
