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Maruti Q4 2013 net profit surges; stocks hits 52-week high

 Maruti Q4 2013 net profit surges; stocks hits 52-week high
Maruti Suzuki India: Quotes, News
BSE 6222.95BSE Quote24.2 (0.39%)
NSE 6228.90NSE Quote37.95 (0.61%)
Maruti Suzuki reported a spectacular set of numbers beating forecasts with the net profits at Rs 1,150 crores for Q4 FY 2013.

Revenues came in at Rs 13,304 crores, which was again better then expectations. The company has declared a dividend of Rs 8 per share.

Domestic vehicles sales during the quarter ending March 31, 2013 was placed at 3.08 lakh unites, as against 3.21 lakh units, year on year. The company also managed to improve its market share marginally.

The shares of the company surged following a spectacular set of numbers and was trading higher by 4.45 per cent. In fact, the stock hit a 52-week high of Rs 1663 on the Bombay Stock Exchange. The board of the company has approved the amalgamation of 7 subsidiaries of the company with itself.

Maruti Suzuki India Limited (MSIL, formerly Maruti Udyog Limited) is a subsidiary of Suzuki Motor Corporation of Japan. Maruti Suzuki is a leading manufacturer of passenger vehicles in India.

The company has the highest number of sales and service outlets in the country. In FY 2011-12, it opened its 1000th sales outlet, another landmark achieved. The company with over 2950 service outlets reaches its customers across 1400 cities.

Read more about: maruti
Story first published: Friday, April 26, 2013, 13:28 [IST]
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