New Delhi: The Board of Directors of Maruti Suzuki India Limited today approved the financial results for the quarter ended December 2016.
Highlights Q3 (Oct-Dec) 2016-17
The Company sold a total of 387,251 vehicles in Q3, a growth of 3.5 per cent over same period previous year. Of this, exports stood at 30,748 units.
The Company registered Net Sales* of Rs.166,236 million, a growth of 12.4 per cent over the same period in the previous year.
Net profit in Q3 (2016-17) stood at Rs 17,445 million, up 47.5 per cent compared to the same period last year.
Increase in share of the Company’s higher segment models, lower sales promotion and marketing expense, cost reduction efforts and higher non-operating income contributed to increase in profits. This was partially offset by the increase in commodity prices and adverse foreign exchange movement during the quarter.
Highlights 9 Months (Apr-Dec) 2016-17
The Company sold a total of 1,154,164 vehicles in April-December 2016, a growth of 8 per cent. Of this, exports stood at 92,291 units.
The Company registered Net Sales* of Rs 489,042 million, a growth of 17.9 per cent over the same period last year.
Net profit stood at Rs 56,287 million, up 44.8 per cent.
Growth in sales, increase in share of the Company’s higher segment models, higher non-operating income and material cost reduction initiatives contributed to profit. This was partially offset by adverse foreign exchange movement and increase in commodity prices.
Note: The financial results for the Quarter and nine months 2016-17 have been prepared in compliance with the Indian Accounting Standards (Ind-AS) and for a like to like comparison, the results of Q3 2015-16 and 9 Months 2015-16 have been restated..
(*Net Sales= Gross Sales - Excise Duty)
Maruti Suzuki India Limited,
1, Nelson Mandela Road,
Vasant Kunj, New Delhi
Ph: 91-11-4607 1000 / 4678 1000 / 4678 1113