INSUBCONTINENT EXCLUSIVE:
Maruti Suzuki's 3rd quarter net earnings has actually fallen due to international chip shortageBENGALURU: Country's leading car maker
Maruti Suzuki India Ltd published a 48 percent fall in its 3rd quarter net revenue on Tuesday, as international chip scarcity has actually
slowed production and high material expenses have squeezed margins.The business reported a revenue of Rs 1,011 crore in October-December
quarter of the current financial, down 47.90 per cent year-on-year (YoY) versus a revenue of Rs 1,941.4 crore taped during the matching
period of last year.Maruti said that despite cost decrease efforts, due to reduce sales volume, high commodity costs and lesser
non-operating earnings on account of mark-to-market effect, its profits were relatively on the lower side.The revenue from the sale of items
was at Rs 22,187 crore versus Rs 22,236 crore in the matching quarter in 2015
Operating EBITDA margin was 4.1 percent in the 3rd quarter of the current fiscal against 6.7 per cent tape-recorded in the matching duration
The profit margin was at 4.6 percent versus 8.7 per cent in the very same quarter last year.
