News > Maruti Q3 profit skids 48 percent to Rs 1,042 crores as semiconductor shortage hits sales

Maruti Q3 profit skids 48 percent to Rs 1,042 crores as semiconductor shortage hits sales

The country’s largest carmaker Maruti Suzuki India on Tuesday reported a 47.82 percent decline in consolidated net profit at Rs 1,041.8 crore in the third quarter ended December 2021, on account of lower sales due to the ongoing semiconductor shortage and increase in commodity prices.

The auto major had posted a consolidated net profit of Rs 1,996.7 crore in the October-December period of last fiscal, Maruti Suzuki India said in a regulatory filing