The Board of Directors of Maruti Suzuki
India Limited today approved the financial results for the period Jan-Mar 2016 (Quarter
4) and April-March 2015-16 (full year).
Highlights Q4 (Jan-Mar 2016)
The Company sold a total of 360,402 vehicles in Q4, a growth of 3.9 per cent. Of
this, exports were at 27,009 units.
The Company’s net sales stood at Rs. 149,295 million, a growth of 12.5 per cent
over the same period of the previous year.
Net profit in Q4 stood at Rs. 11,336 million, a fall of 11.7 per cent compared to
the same period last year.
Loss of over 10,000 units due to reservation agitation, increased advertising expenses
and lower other income slightly impacted profits during the quarter.
Highlights Full Year (Apr 2015-Mar 2016)
The Company sold a total of 1,429,248 vehicles in 2015-16 a growth of 10.6 per cent.
Of this, exports were at 123,897 units.
The Company reported net sales of Rs 563,504 million in Apr-Mar 2015-16, a growth
of 15.9 per cent over the same period last year.
Net profit stood at Rs 45,714 million, up 23.2 per cent.
Higher volumes aided by successful new model launches and network expansion, lower
raw material cost and continued cost reduction initiatives led to growth in profits
during the year.
The Board of Directors recommended a dividend of 700 per cent (Rs. 35/- per share of face value Rs. 5/-) for 2015-16. The dividend in 2014-15 was at 500 per cent. (Rs 25/- per share of face value Rs. 5/-).