Maruti Suzuki financial results Q2 (Jul-Sept) 2012-13
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      Maruti Suzuki financial results Q2 (Jul-Sept) 2012-13

      Oct 30, 2012
      Maruti Suzuki financial results Q2 (Jul-Sept) 2012-13

      New Delhi, October 30th, 2012: : The Board of Directors today approved the financial results for the quarter ending September, 2012.
      Q2: Jul-Sep (2012-13 Vs 2011-12)
      The Company registered Net Sales (net of excise) of Rs. 80,701 million, an increase of 8.5 per cent over the same period in the previous year.

      Net Profit during the quarter stood at Rs 2,275 million, a drop of 5.4 per cent.

      The growth in Net Sales was on account of sales of new model Ertiga and enhanced export realizations.
      The market showed a marked preference for diesel cars, while demand for petrol vehicles dropped sharply. Despite scaling up production of diesel cars, the Company has a customer wait list of nearly 1.25 lakh for its diesel vehicles. To counter subdued demand for petrol cars, the Company enhanced sales promotion measures that also impacted profitability.
      The bottomline has also been impacted by lower non operating income during the quarter. While EBIDTA has grown 15.4 per cent over the second quarter of last year, higher depreciation (growth of 30.4 per cent) reduced profits.
      The Company continues to focus on component localisation and reduction in cost and overheads.
      During the quarter, the Company sold 209,954 units in the domestic market, compared to 222,406 units in the same period previous year. The Company also exported 20,422 units against 29,901 units in the previous year.
      6 Months: Apr-Sep (2012-13 Vs 2011-12)
      During H1 2012-13, the Company registered Net Sales (net of excise) of Rs 185, 994 million an increase of 18.5 per cent over same period in the previous year.
      Net Profit during H1 (2012-13) stood at Rs 6,512 million, a fall of 17.5 per cent.
      During this period, the Company sold 473,218 units in the domestic market, compared to 473,089 units during same period last year. The Company exported 53,054 units in H1 this year as compared to 60,744 units exported in H1 2011-12.