India"s apex automaker reported a growth of 19.19 per cent in its total income to Rs. 102,121 million for the quarter ending March 2011over the year ago period. In addition the total income in Q4 increased by 6.12 per cent over Q3 of the same year. For the year ended March 31, 2011 the firm reported a total income of Rs. 375,224 million, registering a year-on-year increase of 24.6 per cent.
Net Profit for the quarter was reported at Rs. 6,599 million, which registered a growth of 0.5 per cent over the year ago period, whereas net profit in Q4 grew by 16.75 per cent over Q3 of the same financial year. Considering the fiscal, net profit during the year stood at Rs. 22,886 million, registering a decrease of 8.4 per cent over the previous year.
The company's profit saw a negative impact from multiple directions, including unfavourable currency movement, higher commodity prices and higher costs related to launch of new model.
The carmakers total sales were reported at 1,271,005 vehicles during fiscal 2010- 11, which increased by 24.8 per cent over the year ago period when the value stood at 1,018,365 units.
A segment wise analysis revealed that the companies A2, A3 and C segments vehicles reported hikes of 27.7 per cent, 32.2 per cent and 58.5 per cent respectively. Maruti also added 131 new sales outlets during the year.
The company"s margins were primarily impacted due to a hike in raw material prices and a rise in Yen exchange rates. The company"s management blamed several reasons for a dip in margins, including rising R&D costs and fuels costs. Although other factors like supply disruptions from Japan have not affected the company in a considerable manner.
In related news the company recently stated that it was looking forward to opening another factory at Manesar, Haryana.
On Tuesday at 3:59 P.M IST, on the Bombay Stock Exchange (BSE), stocks of the firm closed trading at Rs. 1,301.80 down by 25.40 points or by 1.91 per cent. The stock saw an intraday high of Rs. 1,325.00 and an intraday low of Rs. 1,296.55.