Maruti Suzuki Q4 net profit zooms 60.5%

The country's largest carmaker Maruti Suzuki today reported a 60.5 per cent jump in its net profit at Rs 1,284.2 crore for the fourth quarter.

In This Pic : Maruti Suzuki Q4 net profit zooms 60.5%

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The company had posted a net profit of Rs 800.05 crore in the same period last fiscal year, Maruti Suzuki India said in a statement. "Higher volumes, material cost reduction initiatives, favourable foreign exchange and lower sales promotion expenses contributed to the bottom-line during the quarter," the company said in a statement.

In This Pic : Maruti Suzuki Q4 net profit zooms 60.5%

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Net sales during the quarter stood at Rs 13,272.6 crore, up 12.3 per cent against Rs 11,818.13 crore in the same period last fiscal. Sales in the quarter were up 6.7 per cent at 346,712 units, the company said adding that the exports were at 29,542 units, a growth of 12.4 per cent.

In This Pic : Maruti Suzuki Q4 net profit zooms 60.5%

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For the full fiscal ended March 31, the company posted a net profit of Rs 3,711.2 crore against Rs 2,783.05 crore in previous fiscal. Net sales of the company for the fiscal stood at Rs 48,605.53 crore, up 13.97 per cent from 42,644.76 crore last year.

In This Pic : Maruti Suzuki Q4 net profit zooms 60.5%

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Volume sales in the fiscal were up 11.9 per cent at 12,92,415 units. Of this, exports were at 121,713 units, a gain of 20.1 per cent, the company said.

In This Pic : Maruti Suzuki Q4 net profit zooms 60.5%

Pic Courtesy : BCCL

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