Maruti Suzuki financial results 2010-11
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Maruti Suzuki financial results 2010-11

Apr 25, 2011
 
India's number one carmaker Maruti Suzuki India Limited today announced its financial results for the quarter ending March 31, 2011 and for the full year 2010-11.

Quarter Four

The Company registered Total Income (Net of Excise) of Rs. 102,121 million during January-March 2011, a growth of 19.19 per cent compared to Q4 2009-10. The growth in Total Income in Q4 over Q3 during the same year was 6.12 per cent.

Net Profit during January-March 2011 was Rs. 6,599 million a growth of 0.5 per cent over previous year. The growth in Net Profit in Q4 v/s Q3 2010-11 was 16.75 per cent.

Dividend

The Board of Directors recommended a dividend of 150 per cent (Rs 7.50 per share of face value Rs. 5/-). The dividend in 2009-10 was 120 per cent.

Financial Year 2010-11

The Company's Total Income (Net of Excise) for the year 2010-11 was Rs. 375,224 million, a growth of 24.6 per cent over fiscal 2009-10.

The Company's Net Profit during the year stood at Rs. 22,886 million, a drop of 8.4 per cent over 2009-10.

The company's profit was impacted by adverse currency movement, particularly on exports, higher commodity prices and new model launches.

Key Highlights of 2010-11
  • Total sales of 12,71,005 vehicles during fiscal 2010-11, a growth of 24.8 per cent over fiscal 2009-10 (10,18,365 units).
  • Exported 1,38,266 units in the fiscal. This included 43 per cent to European countries.
  • Sold 8,08,552 units in A2 segment, a growth of 27.7 per cent.
  • In the A3 segment, company sold 1,31,272 units, reflecting a growth of 32.2 per cent.
  • In the C segment, sales grew by 58.5 per cent touching 1,60,626 units.
  • During the year, the company expanded its countrywide network:
Number of 31 March 2011 31 March 2010 Increase
Sales Outlets 933 802 131 added
Cities covered by sales network 666 555 111 added
Service Stations 2946 2740 206 added
Cities covered by service network 1395 1335 60 added
Maruti Driving Schools 164 83 81 added