New Delhi, July 29 -- : Maruti Suzuki, the country's largest passenger car manufacturer, on Wednesday posted a net loss of Rs 249 crore in the first quarter of the current financial year (Q1 FY21) as compared to a net profit of Rs 1,436 crore in Q1 FY20.
It was partially offset by lower operating expenses and higher fair-value gain on the invested surplus. In the quarter ended March (Q4 FY20), the net profit totalled Rs 1,292 crore.
The company attributed the outbreak of COVID-19 pandemic and consequent countrywide lockdown to contain it for adversely impacting its numbers.
Total revenue from operations in Q1 FY21 came at Rs 4,107 crore as against Rs 19,720 crore in Q1 FY20 and Rs 18,199 crore in Q4 FY20.
The automaker sold a total of 7...