Maruti Suzuki Financial Results Q2 (Jul-Sept) 2013-14

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    Maruti Suzuki Financial Results Q2 (Jul-Sept) 2013-14

    Oct 28, 2013
    Maruti Suzuki Financial Results Q2 (Jul-Sept) 2013-14

    The Board of Directors of Maruti Suzuki India Limited today approved the financial results for the period July-September 2013 (Q2) and April-September 2013 (H1).

    Highlights Q2
    The Company sold a total of 275,586 vehicles in Q2, a growth of 19.6 per cent. Of this, exports were at 34,024 units, up 66.6 per cent.

    The Company’s net sales was Rs 102,118 million, a growth of 26.5 per cent over the same period of the previous year.

    Net profit in Q2 stood at Rs 6702 million, up 194.7 per cent compared to the same period last year.

    The Company’s performance during the quarter has to be viewed in the context of unusually low levels of profit in the second quarter of last year (July-September 2012) owing to labour problems in Manesar.

    Higher localization and cost reduction initiatives by the Company also contributed significantly to bottomline growth during Q2. The overall impact of foreign exchange was positive during the quarter.

    Highlights H1
    The Company’s net sales was Rs 202,070 million in April-September 2013, a growth of 8.6 per cent over the same period.

    Net profit stood at Rs 13,018 million, up 99.9 per cent.

    The Company’s new diesel engine facility at Gurgaon and the third assembly facility at Manesar went on stream during July-September 2013. With this, the Company’s total capacity for vehicle assembly is 1.5 million vehicles per annum.