The Board of Directors of Maruti Suzuki India Limited approved the financial results for the quarter ending March 31, 2013 and for the full year 2012-13 here today.

During the year, the Company posted Net Sales (net of excise) of Rs. 426,125 million. Excluding the effect of the SPIL merger, Net Sales stood at Rs. 421,229 million an increase of 21.3 per cent over the comparable figure for the previous year.

Net Profit for the year stood at Rs. 23,921 million. Excluding the effect of the merger, Net Profit stood at Rs. 23,000 million an increase of 40.6 per cent over the comparable figure in the previous year.

Quarter IV 2012-13

During the quarter, the Company registered Net Sales (net of excise) of Rs. 130,562 million. Excluding the effect of the SPIL merger, Net Sales stood at Rs. 125,666 million, an increase of 9.4 per cent over the comparable figure in the same period, the previous year.

Net Profit during the quarter stood at Rs. 12,396 million. Excluding the effect of the merger, Net Profit stood at Rs. 11,475 million, an increase of 79.8 per cent over the comparable figure in the same period, the previous year.

The increase in Net Profit during the quarter was on account of higher sales of new models such as Ertiga, DZire and Swift, cost reduction and localization efforts and the benefit of a favourable exchange rate.

Dividend

The Board of Directors recommended a dividend of 160 per cent (Rs 8/- per share of face value Rs. 5/-) for 2012-13. The dividend in 2011-12 was at 150 per cent.