The country’s largest car maker Maruti Suzuki India (MSI) has reported a consolidated net profit of Rs 475 crore for the first quarter ended June 30 despite the double whammy of the second Covid wave and a shortage of spare parts affecting production.

The auto major had suffered a consolidated net loss of Rs 268 crore in the April-June quarter of 2020-21.

“While all the parameters this quarter were substantially better than Q1 of 2020-21, a comparison is not meaningful because Q1 last year had a higher degree of disruption because of the pandemic,” the company said in a statement.

The car maker said during the first quarter its sales and production were adversely impacted because of the second wave. However, the situation was not as bad as the April-June quarter of the last fiscal.

While sales have picked up compared to the peak days of the pandemic last year, they remain far below the previous high in the first quarter of 2019. During April-June 2021, the company sold 3.43 lakh cars. More than 3 lakh of these were sold within India, while about 45,000 units were exported.

MSI’s total revenue from operations stood at Rs 17,776 crore in the first quarter against Rs 4,111 crore in the year-ago period.

Shares of the company closed 1.26 per cent down at Rs 7,150.20 apiece on the BSE.

Meanwhile, MSI said its board has decided to confer the title of “Honorary chairman” on Osamu Suzuki, who retired from the board of Suzuki Motor Corporation in June 2021. He, however, continues to remain on the board of MSI.