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|Maruti Suzuki Q1 top line up 21 per cent|
|The Board of Directors of Maruti Suzuki India Limited approved the financial results for the first quarter of 2008-09 (April-June 2008) here today.
The Company registered Net Sales of Rs 47,310 million during the first quarter of 2008-09, a growth of 20.9 per cent compared to the same period of the previous year.
Net Profit during the first quarter of 2008-09 was Rs. 4,659 million as against Rs. 4,996 million during the same period of the last fiscal year. However, the two figures are not comparable owing to the additional impact of Rs. 619 million resulting from the new depreciation policy introduced in Q4 of 2007-08.
Maruti Suzuki posted a 13.5 per cent growth in total sales during the first quarter of 2008-09. Domestic sales grew by 12.1 per cent, led by Swift, Swift DZire and WagonR.
Domestic sales volume was 180,093 units.
In the A3 segment (sedans), the Company grew faster than the industry and increased its share in the segment to 26.4 per cent in the first quarter of 2008-09. The Company's A3 segment market share was 21.2 per cent in first quarter of last fiscal.
The Company exported 12,491 units in the first quarter of 2008-09, against 9,065 units in the first quarter of the previous year, a growth of 37.8 per cent.
The Company successfully launched Maruti 800 Duo (LPG variant) during the quarter.
The Company was rated among India's five top companies in the Corporate Reputation Study conducted by TNS Automotive.