Maruti Suzuki Financial Results Q1 (April-June) 2017-18
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Maruti Suzuki Financial Results Q1 (April-June) 2017-18

Jul 27, 2017

 

New Delhi: The Board of Directors of Maruti Suzuki India Limited today approved the financial results for April-June 2017 (Quarter 1).

The Company sold 394,571 vehicles in Q1, a growth of 13.2% over same period previous year. Of this, exports were at 26,140 units.

The Company’s net sales in Q1 2017-18 stood at Rs 171,324 million, a growth of 16.7% over the same period previous year.

Profit Before Tax in the quarter stood at Rs 22,987 million, reflecting a growth of 12.3% over same period previous year. However, the Net Profit in Q1, Rs 15,564 million, grew by 4.4% compared to previous year due to higher deferred tax provision.

Growth in volumes, favourable product mix, higher non-operating income and cost reduction efforts contributed to increase in profits. However, costs were impacted by higher commodity prices, and sales promotion & marketing expenses. During the quarter there was a one-off impact of compensation given to dealers for the tax loss incurred on vehicles in the stock at the time of transitioning to GST.

(*Net Sales= Sale of Products - Excise Duty)


Issued by:
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Maruti Suzuki India Limited,
1, Nelson Mandela Road,
Vasant Kunj, New Delhi
Ph: 91-11-4607 1000 / 4678 1000 / 4678 1113
Email: corp.comm@maruti.co.in
Website: www.marutisuzuki.com