249 crore loss to this automaker in the first quarter

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The Corona epidemic had an impact on every region of the country. Meanwhile, automobile manufacturer Maruti Suzuki has released the first quarter results of the current financial year. On Wednesday, the company has placed the first-quarter results in front of the stock exchanges. The company said it had a standalone net loss of Rs 249.4 crore in the quarter ended June 2020, compared to a profit of Rs 1435.5 crore a year earlier.

The company has suffered this loss due to a lockdown imposed to prevent the spread of COVID-19 infection. However, this figure of loss to the company is less than the estimate made by experts. According to the results released by the company, the sales of this top car maker company of India have fallen significantly. This has come down to Rs 3,677.5 crore from the Rs 18,735.2 crore expected a year ago.

Further, the company stated that its operations and financial results in the first quarter have been adversely affected by the outbreak of the COVID-19 epidemic and the lockdown imposed to prevent it from spreading. As part of this quarter, operations were disrupted due to the lockdown, and then the business was gradually opened, taking necessary precautions. Due to the same corona, there has been a lot of damage to many areas of the country. With the unlock process, everything is slowly becoming normal, and efforts are being made to fix everything as before.

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