Suzuki Motor Q2 operating profit jumps two-fold on improved sales

Japanese auto major Suzuki Motor Corporation on Tuesday reported a two-fold year-on-year increase in operating profit at 89.8 billion yen (around Rs 5,000 crore) in the second quarter that ended September 30, 2022.

Net sales in the period under review stood at 1,154.1 billion yen (around Rs 64,000 crore), an increase of 39.3 percent over 828.2 billion yen in the same period last year.

The company attributed the rise in operating profit to sales volume growth across markets, including India, which offset the impact of higher raw material prices.