The Board of Directors of Maruti Suzuki India Limited, today approved the financial results for the quarter ending December, 2012.
Q3: Oct-Dec (2012-13 Vs 2011-12)
The Company registered Net Sales (net of excise) of Rs. 109,570 million, an increase of 45.6 per cent over the same period in the previous year.
The growth in Net Sales was on account of higher volumes, favourable model mix and enhanced export realisation.
Net Profit during the quarter stood at Rs. 5,013 million, a growth of 143.8 per cent.
The growth in Net Profit was primarily due to higher sales and good response to new models like Ertiga and Swift DZire. The Company’s continued cost reduction efforts helped to drive profit in the quarter.
During the quarter, the Company sold 268,957 units in the domestic market, compared to 211,803 units, reflecting a growth of 27 per cent. The Company exported 32,496 units during the quarter, up 17.2 per cent.
9 Months: Apr-Dec (2012-13 Vs 2011-12)
In nine months of 2012-13, the Company’s Net Sales (net of excise) stood at Rs. 295,563 million, an increase of 27.3 per cent over same period in the previous year.
Net Profit during nine months (2012-13) stood at Rs. 11,525 million, a growth of 15.8 per cent.
During the nine month period, the Company sold 742,175 units in the domestic market, reflecting a growth of 8.4 per cent. Exports during April-Dec 2012 stood at 85,550 units against 88,469 units in April-Dec 2011.
