Maruti Suzuki Financial Results Q3 (Oct-Dec) 2013-14
New Delhi, January 28th, 2014: : The Board of Directors of Maruti Suzuki India Limited today approved the financial results for the quarter ending December 2013.
The Company sold a total of 288,151 vehicles in Q3, a drop of 4.4 per cent over same period last fiscal. Exports in Q3 of current fiscal were 19,966 units, a drop of 38.6 per cent over Q3 previous year. Sales remained under stress during the period, in both domestic and export markets.
During the period, market share of the company in the domestic market stood at 42.8 per cent a gain of 2.5 per cent over Q3 2012-13.
The Company registered Net Sales (net of excise) of Rs. 106,197 million, a fall of 3 per cent over the same period in the previous year.
Net Profit in Q3 (2013-14) was Rs 6,811 million, up 35.9 per cent compared to the same period last year.
Higher localization, favourable foreign exchange and cost reduction initiatives by the Company contributed significantly to Net Profit.
Highlights 9 months
During the 9 months period, the Company sold 830,171 units including 75,078 units in exports (V/s 827,725 units including 85,550 units for exports in same period last fiscal)
The Company’s net sales stood at Rs 308, 266 million in April-December 2013 period, a growth of 4.3 per cent over the same period last fiscal.
Net profit during the 9 month period stood at Rs 19,830 million, a growth of 72.1 per cent over same period last fiscal.