Maruti Suzuki 2013-14 Q2 (Jul-Sept) Financial Results
Maruti Suzuki India Limited Board of Directors this Monday approved financial results for July-September 2013 (Q2) and April-September 2013 (H1).
In the q2 period, MSIL sold a total of 275,586 vehicles in Q2 equating to 19.6% growth. Exports for the period were 34,024 units, up 66.6%.
When looking at this year’s numbers, one needs to remember low levels of profit in July-September 2012 owing to labour problems in Manesar. Higher localization and cost reduction initiatives have also augmented growth in Q2 2013. For H1, Maruti Net sales were Rs 202,070 million in April-September 2013, 8.6% growth over the same period. last year. Net profit stood at Rs 13,018 million, up 99.9 %.