Profit decreased in the second quarter report of Maruti Suzuki, yet the price of shares increased, know the reason

Mumbai. This afternoon, Maruti Suzuki India shared the report of the second quarter of the current financial year 2020-21 with the stock market. In this report, the company said that its net profit declined by 66 percent in the second quarter. While the company had a net profit of Rs 1420 crore in the same quarter ended September 2020, it has made a profit of only Rs 487 crore in the quarter ended this September 2021.

However, even after the company’s loss report, the value of its shares increased today. The reason behind this is exports and pending orders. Let us know that today the price of Maruti Suzuki shares on the NSE rose from Rs 52.65 to Rs 7,350. The company’s shares rose 0.72 percent today.

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In the report presented by Maruti Suzuki today, the company said that the highest ever exports in any quarter in the company’s history were recorded in the second quarter ended September 2021. A total of 59,408 units were exported during the quarter. At the same time, it was only 22,511 units in the same period of last financial year 2020.

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Further, the company stated that about 1.16 lakh vehicles could not be produced due to lack of certain electronics components. At the end of the quarter ended September 2021, it had pending customer orders for over 2 lakh vehicles, for which it is making all efforts to expedite deliveries. That is, even though the profits of Maruti India have decreased in this quarter, but due to the large number of orders with it, there is a possibility of growth in future. For this reason, investors in the stock market have reposed faith in the company.

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