The country’s largest car maker Maruti Suzuki India (MSI) on Saturday reported a 22.84 per cent fall in its net profit for the quarter ended June 30, at Rs 423.77 crore.

The company had posted a net profit of Rs 549.23 crore in the corresponding period last year, MSI said in a statement.

The net sales during the first quarter, however, increased by 27.53 per cent to Rs 10,529.24 crore from Rs 8,256.58 crore in the year-ago period, it added.

During the April-June period, MSI sold a total of 2,95,896 vehicles compared to 2,81,526 units in the same period last year, up 5.10 per cent.

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