当前位置:首页 > 甘肃快三 > 正文内容

COVID-19 Impact: Maruti Suzuki India posts first quarterly loss in 15 years

admin2周前 (07-30)甘肃快三322
COVID-19 Impact: Maruti Suzuki India posts first quarterly loss in 15 years 甘肃快三 第1张According to several media reports, Maruti’s revenue declined 79.2% to Rs 4,106.5 crore as against ₹19,720 crores in June 2019. (File photo)

New Delhi | Jagran News Desk: India’s biggest carmaker has reported a quarterly loss for the first time in the June quarter since its listing in 2003.


Hugely affected by the disruptions in business due to the coronavirus pandemic, Maruti Suzuki India which is India’s largest automaker by market capitalization, has reported a net loss of 249 crores, resulting in sending its share down as much as 2.5%. The loss suffered for three months at the end of June is recorded against the net profit of 1,435 crores in the year-ago period.


As people across the globe had locked themselves insides their homes to stay safe, the demand for the automobile sector has drastically gone down during the past months and in India, problems have worsened for carmakers who already witnessed a weak demand.


Owing to the global pandemic of COVID-19, it was an unprecedented quarter in the company’s history wherein a large part of the quarter had zero production and zero sales in compliance with a lockdown stipulated by the government. Production and sales started in a very small way in the month of May. The company’s first priority was the health, safety, and wellbeing of all employees and associates across the value chain including its customers. Hence with carefully designed safety protocols, which went far beyond compliance levels, the production in the whole quarter was equivalent to just about two weeks’ of regular working. The results have to be viewed in this context," the company said in its regulatory filings.

 

Also Read COVID-19 Impact: Maruti Suzuki India posts first quarterly loss in 15 years 甘肃快三 第2张 Income tax return filing deadline for FY 2018-19 extended till September..


According to several media reports, Maruti’s revenue declined 79.2% to Rs 4,106.5 crore as against ₹19,720 crores in June 2019. On Wednesday, the company's scrip on The Bombay Stock Exchange (BSE) was trading 2.2% lower at ₹6,142.

Posted By: Simran Babbar

扫描二维码推送至手机访问。

版权声明:本文由甘肃快三发布,如需转载请注明出处。

转载请注明出处:http://garicomm.com/post/575.html

相关文章

Explained: Why country’s unemployment levels during COVID times are not as bad as they seem

New Delhi | Jagran Business Desk: The times of pandemic along with an unprecedented halt in the norm...

Gold prices fall amid muted global rates, silver surges by 25 per cent; check rates here

Gold prices fall amid muted global rates, silver surges by 25 per cent; check rates here

New Delhi | Jagran Business Desk: The gold prices in India on Friday declined by 0.01 per cent or Rs...

Public Provident Fund: Here's your guide to get maximum return on PPF and increased benefits

Public Provident Fund: Here's your guide to get maximum return on PPF and increased benefits

Investors can invest in this scheme, besides creating a large retirement fund, and can also collect...

Exclusive | Asian Paints fights COVID crisis with ‘Safe Painting’ and ‘San Assure’ services, focuses on health and hygiene products

New Delhi | Jagran News Desk: Playing its part in the fight against the coronavirus crisis, one of I...

Decoded: What does mandatory display of ‘Country of Origin’ on E-comm websites mean for India's ‘Aatma Nirbhar’ push

Decoded: What does mandatory display of ‘Country of Origin’ on E-comm websites mean for India's ‘Aatma Nirbhar’ push

New Delhi | Jagran Business Desk: In a bid to modulate the ‘Aatmanirbhar’ (or self-reliance) push to...

发表评论

访客

◎欢迎参与讨论,请在这里发表您的看法、交流您的观点。