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Maruti Suzuki Profit up 60.5 Per cent to Rs 1,284 crore
Maruti Suzuki on Monday reported net profit of 60.5 Per cent to Rs 1,284 for the quarter ending March 31, 2015 as compared to Rs 800 crore in the previous year of same period.
The robust result was due to higher volumes, material cost reduction initiatives, favorable foreign exchange and lower sales promotion expenses contributed to the gain.
The Board of Directors recommended the dividend of Rs 25 per share of face value Rs 5 for the period 2014-15. Last year, it had declared dividend of Rs 12 of face value Rs 5.
Revenues rose by 12.6 per cent to Rs 13,625 crore in the quarter against Rs 12,101.4 crore of the previous quarter last year.
Net sales during the quarter stood at Rs 13,272.6 crore, up 12.3 per cent over the same period last fiscal.
The company sold 3,46,712 vehicles in Q4, a growth of 6.7 percent. Of this, exports were at 29,542 units, a growth of 12.4 percent.
The shares of the car maker was seen trading at Rs 3,662, higher by 3.47 per cent on the bSe at 32.30 PM IST. It touched an intra-day high of Rs 3,679 during the trade.
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