MARUTI SUZUKI INDIA LTD. - 532500 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Dear Sir, Please find attached herewith the newspaper notice published in ''The Financial Express'' and ''Jansatta'' regarding information on 39th Annual General Meeting, book closure and final dividend of the Company. Kindly take the same on record. Return of Maruti: Over 100,000 units sold in July, 88.2% more than June
This is a clear indication that people are rushing to buy new cars as the coronavirus-induced lockdown eases, and opting for private transport to maintain social distancing MARUTI SUZUKI INDIA LTD. - 532500 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Dear Sir, Please find enclosed herewith as Annexure -"A", a copy of the press release being issued today. Kindly take the same on record.
Maruti expected to gain market share but challenges remain in SUV segment
Investors have been bullish about the prospects of Maruti in the near term since it is likely to benefit from a shift in demand towards small cars because of a slowing economy and increasing preference for personal mobility on fears of contracting infection MARUTI SUZUKI INDIA LTD. - 532500 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Dear Sir, Please find attached herewith the copy of financial results for the quarter ended 30th June, 2020 as published in requisite newspaper as per the requirement of regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Kindly take the same on record.
Maruti's operating loss should make investors rethink expensive valuations
Production and sales were severely impacted by the nationwide lockdown, with volumes falling 81% year-on-year (y-o-y)
Earnings Call Transcript - Q1FY21 for Maruti Suzuki
Conference Call with Maruti Suzuki Management and Analysts on Q1FY21 Performance and Outlook. Listen to the full earnings transcript. Leading the call: CFO Ajay Seth with Key Highlights Production and sales re-started in a small way in the month of May after the lockdown. The company has implemented stringent controls over and above the government's guidelines as people come back to work We adopted work from home wherever possible. Specific measures for vendors and dealers were also identified and implemented. We have worked to ensure minimal touchpoints and maximising digital touchpoints for customers. We are also providing vehicle repair services at their doorsteps. Some of our suppliers faced significant financial issues on account of the lockdown. Maruti provided cash flow support to ensure that they were able to pay salaries and meet their obligations. We saw demand recovery post lockdown, and we used that to clear out inventory from stores. Challenges remain in managing supply and deliver vehicles at dealership. It is too quick to answer whether the demand we are seeing today is real or pent-up demand. Q1FY21 is not comparable to the previous year's quarters due to the lockdown's impact on our operations, and social distancing restrictions still in place. The company sold a total of 76,599 vehicles during the quarter, with 67,027 units in the domestic market and 9,572 units for exports. We registered net sales of Rs 36,775 mn, and a net loss of Rs. 2,494 mn in the quarter. This was offset by lower operating expenses and higher fair value gain on the invested surplus. Maruti Suzuki reports consolidated loss of Rs 268.3 crore for June quarter
The company's revenue also dipped to Rs 4,110.6 crore, down from Rs 19,273.2 crore reported in Q1FY20 MARUTI SUZUKI INDIA LTD. - 532500 - Financial Results For The Quarter Ended 30Th June, 2020
Financial Results for the Quarter ended 30th June, 2020