Maruti Suzuki reported an 11% year-on-year decline in Q1 standalone net profit to Rs 3,352 crore despite a 36% rise in revenue, as higher material costs weighed on earnings. Strong growth in SUV sales, exports and market share lifted volumes, while the board approved Rs 561 crore for biogas projects. Synopsis Maruti Suzuki reported an 11% year-on-year decline in Q1 standalone net profit to Rs 3,352 crore despite a 36% rise in revenue, as higher material costs weighed on earnings. Strong growth in SUV sales, exports and market share lifted volumes... [4142 chars]
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