New Delhi: Shares of Maruti Suzuki India on Friday jumped nearly 6 percent after the company reported a more than four-fold increase in consolidated net profit in the second quarter ended September 2022. The stock climbed 4.95 percent to settle at 9,494.10 rupees per day. the BSE. During the day, it rallied 5.54 percent to its 52-week high of Rs 9,548.
On the NSE, it jumped 5.59 percent to end at Rs 9,548 apiece.
The company’s market valuation climbed Rs 13,534.83 crore to Rs 2,86,797.83 crore on the BSE.
It was the biggest gainer on both the Sensex and Nifty.
Maruti Suzuki India on Friday reported a more than four-fold increase in consolidated net profit to Rs 2,112.5 crore in the second quarter ended September 30, 2022, riding on record sales.
The company posted a consolidated net profit of Rs 486.9 crore in the same period last fiscal, it said in a regulatory filing.
Total income from operations stood at Rs 29,942.5 crore against Rs 20,550.9 in the year-ago period.
Maruti Suzuki said it sold a total of 5,17,395 vehicles during the quarter, its highest ever in any quarter.