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New Delhi:The Board of Directors of Maruti Suzuki India Limited today approved the financial results for the period July-September 2018 (Quarter 2) and April-September 2018-19
Highlights: Q2 (July-September 2018-19)
The Company sold a total of 484,848 vehicles during the Quarter, lower by 1.5 per cent over the same period of the previous year. Sales in the domestic market stood at 455,400 units and exports were at 29,448 units.
During the Quarter, the Company registered Net Sales of Rs. 215,519 million, a growth of 0.5 per cent over the same period last year.
The operating profit was Rs 27,101 million, lower by 9.5 per cent over the same period previous year on account of increase in commodity prices, adverse foreign exchange movement and higher sales promotion expenses partially offset by cost reduction efforts.
Net profit for the Quarter stood at Rs 22,404 million, lower by 9.8 per cent.
Highlights: H1 (April-September 2018-19)
The Company sold a total of 975,327 vehicles in H1, a growth of 10 per cent over the same period of the previous year. Sales in the domestic market stood at 919,240 units and exports were at 56,087 units.
During the period, the Company registered Net Sales of Rs.433,626 million, up 12.4 per cent over the same period previous year.
The operating profit was Rs. 53,414 million, a growth of 15.1 per cent over the same period previous year on account of higher sales volume and cost reduction efforts partially offset by increase in commodity prices and adverse foreign exchange movement.
Net profit in H1 (2018-19) stood at Rs. 42,157 million, up 4.3 per cent compared to the same period last year.
While the operating profit increased by 15.1 per cent, the net profit increased by 4.3 per cent due to lower non-operating income due to mark-to-market impact on the invested surplus, compared to same period last year.