maruti suzuki Today announced its financial results for the financial year 2021-22. Despite the increase in net sales, the company’s net profit declined by 11% over the previous year.
The company reported a net profit of INR 37,663 million in FY 2021-22 as compared to INR 42,297 million in FY 2020-21. Meanwhile, the company recorded net sales of Rs 837,981 million as compared to Rs 665,621 million in the previous year.
In terms of unit sales, Maruti Suzuki saw a growth of 13.4 per cent home sales Up to 3.9% in FY 2021-22. The carmaker says it sold 1,652,653 vehicles in FY 2021-22 as compared to 1,414,277 vehicles in FY 2020-21.
The company also registered a sharp growth in exports as it stood at 238,376 units in FY 2021-22, almost 62% higher than any other financial year so far.
According to Maruti, the semiconductor shortage globally affected production of over 2,70,000 vehicles. Besides this, the brand also reported domestic bookings of around 2,68,000 vehicles at the end of FY 2021-22.
The company says that due to the unprecedented increase in raw material prices during the year, we were forced to increase the prices of our range of cars.
Maruti Suzuki’s Net Profit for Q4FY22 stood at INR 18,389 Million, a growth of 57.7% over the corresponding period of last year.
The company reported a net profit of INR 37,663 million in FY 2021-22 as compared to INR 42,297 million in FY 2020-21. Meanwhile, the company recorded net sales of Rs 837,981 million as compared to Rs 665,621 million in the previous year.
In terms of unit sales, Maruti Suzuki saw a growth of 13.4 per cent home sales Up to 3.9% in FY 2021-22. The carmaker says it sold 1,652,653 vehicles in FY 2021-22 as compared to 1,414,277 vehicles in FY 2020-21.
The company also registered a sharp growth in exports as it stood at 238,376 units in FY 2021-22, almost 62% higher than any other financial year so far.
According to Maruti, the semiconductor shortage globally affected production of over 2,70,000 vehicles. Besides this, the brand also reported domestic bookings of around 2,68,000 vehicles at the end of FY 2021-22.
The company says that due to the unprecedented increase in raw material prices during the year, we were forced to increase the prices of our range of cars.
Maruti Suzuki’s Net Profit for Q4FY22 stood at INR 18,389 Million, a growth of 57.7% over the corresponding period of last year.