Shares of Maruti Suzuki India climbed nearly 2% on Thursday after the homegrown auto giant reported a 47% rise in its net profit to Rs 3,650 crore for the June quarter.
The stock gained 1.73 per cent to close at Rs 13,343.05 per unit on the NSE. On the BSE, it settled at Rs 13,300.70 per unit, up 1.01 per cent.
During the day, shares of the Gurugram-based automaker hit a 52-week high of Rs 13,680 on the NSE and 13,675 on the BSE.
Volume-wise, 20.40 lakh shares were traded on the NSE while 69,027 shares changed hands on the BSE during the day.
The 30-share Sensex index climbed 126.21 points, or 0.15 per cent, to close at a new all-time high of 81,867.55. The NSE Nifty gained 59.75 points, or 0.24 per cent, to close at an all-time high of 25,010.90.
In a regulatory filing on Wednesday, Maruti Suzuki India reported a 47 per cent rise in its net profit to Rs 3,650 crore for the June quarter, led by cost-cutting efforts, favourable raw material prices and exchange gains.
The automobile giant had posted a net profit of Rs 2,485 crore during the April-June 24 financial year.
Net sales increased to Rs 33,875 crore in the June quarter from Rs 30,845 crore in the same period of the previous year, the company said.
The country’s largest carmaker said it sold 5,21,868 vehicles in the first quarter, up 5 percent from the same period last year.
The company said it sold 4,51,308 units in the domestic market in the first quarter, an increase of 4 per cent over the same period of FY24.
