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New Delhi, 27thApril, 2015: The Board of Directors of Maruti Suzuki India Limited today approved the financial results for the quarter ending March 2015 and the year 2014-15.
Highlights Q4 (January-March 2015)
During the Quarter, the Company sold 346,712 vehicles in Q4, a growth of 6.7 per cent. Of this, exports were at 29,542 units, a growth of 12.4%.
During the quarter, the Company’s Net Sales stood at Rs 132,726 million, a gain of 12.3 per cent over the same period last fiscal.
Net Profit during the Quarter stood at Rs 12,842 million, a gain of 60.5 per cent.
Higher volumes, material cost reduction initiatives, favorable foreign exchange and lower sales promotion expenses contributed to the bottom-line during the quarter.
The Company sold a total of 1,292,415 units during the year, a growth of 11.9 per cent over the previous year. Of this, exports were at 121,713 units, a gain of 20.1 per cent.
The Company registered Net Sales (net of excise) of Rs. 486,055 million, a gain of 14 per cent over the previous year.
Net Profit during the year stood at Rs 37,112 million, a gain of 33.4 per cent compared to 2013-14.
Higher volumes, favourable foreign exchange and material cost reduction initiatives contributed to the bottom line performance.
The Board of Directors recommended a dividend of 500 per cent (Rs. 25/- per share of face value Rs. 5/-) for 2014-15. The dividend in 2013-14 was at 240 per cent. (Rs 12/- per share of face value Rs. 5/-).