Maruti Suzuki Financial Results Q2 (Jul-Sept) and H1 2017-18

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    Maruti Suzuki Financial Results Q2 (Jul-Sept) and H1 2017-18

    Oct 27, 2017
    Maruti Suzuki Financial Results Q2 (Jul-Sept) and H1 2017-18

    New Delhi, October 27, 2017: The Board of Directors of Maruti Suzuki India Limited today approved the financial results for the period July-September 2017-18 (Q2) and April-September 2017-18 (H1).

    Highlights: Quarter II (July-September 2017-18)

    The Company sold a total of 492,118 vehicles during the Quarter, a growth of 17.6 per cent over the same period of the previous year. Sales in the domestic market stood at 457,401 units, a growth of 19.4 per cent. Exports were at 34,717 units.

    During the Quarter, the Company registered Net Sales of Rs. 214,381 million, up 21.8 per cent over the same period previous year.

    Net Profit was Rs 24,843 million, a growth of 3.4 per cent over the same period previous year.

    The operating profit increased by 24 per cent while the net profit increased by 3.4 per cent due to lower non-operating income as the yields on investments were lower compared to last year, and some impact of commodities and advertisement expenses, and increase in effective tax rates.

    Highlights: H1 (April-September 2017-18)

    The Company sold a total of 886,689 vehicles in H1 a growth of 15.6 per cent. Sales in the domestic market stood at 825,832 units a growth of 17.1 per cent. Exports were at 60,857 units.

    The Company’s net sales stood at Rs 385,705 million in April-September 2017-18, a growth of 19.5 per cent over the same period last year.

    Net profit stood at Rs 40,407 million, up 3.8 per cent.

    The operating profit increased by 16 per cent while the net profit increased by 3.8 per cent due to lower non-operating income as the yields on investments were lower compared to last year, and some impact of commodities and advertisement expenses, and increase in effective tax rates.