Maruti Suzuki India reports 28.55% net profit decline that stands at Rs. 1,635.1 crore for the financial year ended March 31, 2012. It’s been a financial lowdown marking their largest fall in the last 3 years resultant of strikes and labour issues at the Manesar plant, delivery problems, inadequate sales numbers, and increasing commodity prices. Q1 of 2012 saw 17.2% sales growth.
Net profit for the previous financial year stood at Rs 2,288.7 crore. Last year, Maruti Suzuki small car sales have been affected adversely. Their inadequacy to supply diesel cars when demand has been high dented company profits. Performance was also affected by a rise in the yen along and fall in the rupee. The 2012 FY ending 31st March, saw Maruti Suzuki sell 11,33,695 units during the year, which equates to a 10.8% decline rate as compared to 12,71,005 vehicles sold in the same period last year.
Maruti Suzuki financial results 2011-12
New Delhi, 28th April, 2012; The Board of Directors of Maruti Suzuki India Limited approved the
financial results for the quarter ending March 31, 2012 and for the full year 2011-12 here today.
Quarter 4 2011-12
Rs. 114,864 Mn
Rs 97,967 Mn
Up by 17.2%
Rs. 6,398 Mn
Rs. 6,599 Mn
Up by 17.2%
Up by 4.9%
During the Quarter, the Company sold a total of 360,334 units as compared to 343,340 units in the
same period previous year reflecting a growth of 4.9 per cent.
While adverse currency movements made a significant impact during the Quarter, the Company was
able to largely offset it through localization and internal cost control.
Financial Year 2011-12
Rs. 347,059 Mn
Rs. 358,490 Mn
Down by 3.2%
Rs. 16,351 Mn
Rs. 22,887 Mn
Down by 28.6%
Down by 10.8%
Down by 11.2%
Down by 7.9%
For the year, the Company¿s bottomline was impacted by adverse currency movement and
increased commodity prices. The overall slowdown in the car market, including the skew
towards diesel cars, also affected performance.
Dividend maintained at 150 per cent
The Board of Directors recommended a dividend of 150 per cent (Rs 7.50 per share of
face value Rs. 5/-) for 2011-12. The dividend in 2010-11 was also at 150 per cent.