Car market leader Maruti Suzuki India Limited announced its results for the quarter ending 31st December 2007.
October - December 2007 financial results
The company registered Total Income (Net of Excise) of Rs 48,448 million during October - December 2007, a growth of 27.2 per cent compared to October - December 2006.
Net profit during October - December 2007 stood at Rs 4,670 million, up 24.1 per cent over October - December 2006 period.
Cumulative financial results (April 2007 to December 2007)
Maruti registered Total Income (Net of Excise) of Rs 137,347 million during the first nine months (April - December) of the fiscal 2007-08, a growth of 29.4 per cent over the same period of the previous year.
Net profit stood at Rs 14,331 million, up 28.7 per cent over April-December 2006.
October - December 2007 unit sales
The company¿s sales during Q3 (October - December 2007) grew 17.1 per cent over the same period last fiscal. The company sold 201,629 vehicles during the quarter, including 13,754 units of exports.
New appointment on the Board
The Board of Directors approved appointment of Mr. K. Asai, as Director on the board. He joins the Board of Directors in place of Mr. T. Hasuike. Mr Asai will be in charge of Engineering operations including Service at Maruti Suzuki India Limited.