Maruti Suzuki Q2 Net Surges 42 Per cent To Rs 1,225 Crore

New Delhi, Oct 27 (PTI) Country's largest carmaker Maruti Suzuki India today posted a 42.1 per cent jump in net profit at Rs 1,225.56 crore for the second quarter ended September 30, riding primarily on robust sales, reduction in material cost and favourable foreign exchange.

Maruti Suzuki Q2 Net Surges 42 Per cent To Rs 1,225 Crore
Maruti Suzuki India: Quotes, News
BSE 5520.70BSE Quote9.65 (0.17%)
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The company had posted a net profit of Rs 862.54 crore during the same period of the previous fiscal.

Net sales of the company rose by 13.2 per cent to Rs 13,574.8 crore during the second quarter as against Rs 11,996.33 crore during the same period year ago, Maruti Suzuki India said in a statement.

"Higher volumes, material cost reduction initiatives and favourable foreign exchange contributed significantly to bottomline growth during the quarter," the statement added.

The company sold 3,53,335 vehicles during the second quarter, a growth of 9.8 per cent, over 3,21,898 units in the second quarter of 2014-15.

Maruti Suzuki's shares were trading at Rs 4,467.75 in late afternoon trade on BSE, up 1.82 per cent from previous close.

PTI

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