The Board of Directors of Maruti Suzuki India Limited today approved the financial results for the quarter ending April-June 2014.
Highlights of Quarter I (April- June 2014)
The Company sold a total of 299,894 vehicles during the Quarter, a growth of 12.6 per cent over the same period of the previous year. Sales in the domestic market stood at 270,643 units, a growth of 10.3 per cent. Exports were at 29,251 units, up 38.7 per cent.
During the Quarter, the Company registered Net Sales (net of excise) of Rs. 110,735 million, up 10.8 per cent over the previous year.
Net Profit was Rs 7,623 million, a growth of 20.7 per cent.
The Company’s cost reduction and localization initiatives, growth in volumes and favourable foreign exchange helped improve the bottomline during the Quarter.