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)
Maruti Suzuki India Limited,
1, Nelson Mandela Road,
Vasant Kunj, New Delhi
Ph: 91-11-4607 1000 / 4678 1000 / 4678 1113