Maruti Suzuki FY 2014-15 Q3 profit up 18 pct at Rs 802 crore
In Q3 (Oct-Dec) 2014-15, Maruti Suzuki sold 323,911 vehicles, equating 12.4 per cent growth. Exports account for 28,709 units, at 43.8 per cent growth. MSIL registered net sales (net of excise) of Rs. 122,631 million at 15.5 per cent growth over Q3 (Oct-Dec) 2013-14.
Net profit in Q3 (2014-15) stood at Rs 802.2 crore, up 17.8 per cent over the same period last year. Higher volumes, input material cost reduction measures, and favourable foreign exchange (forex) contributed to net income in the last quarter. For Apr-Dec 2014-15, Maruti Suzuki sold 945,703 at 13.9 per cent growth. Total exports stood at 92,171 units at 22.8 per cent growth.
Maruti Suzuki registered Net Sales (net of excise) of Rs 353,330 million at 14.6 per cent growth over Apr-Dec 2013-14. Net profit stood at Rs 24,270 million, up 22.4 per cent. Crude oil prices are tumbling, which is favourable for buyer sentiment. Financing costs too are pointing towards market movement as RBI reduced interest rates by 25 basis points earlier in the month. In coping with input costs, Maruti Suzuki announced a 2-4 percent price hike from January 2015, so, cars are now costlier by Rs 5,000-20,000 across it’s vehicle range.
As Indian auto industry looks to sell more cars, present market situations look positive, and likely to boost sales volumes. Expected launches from Maruti Suzuki in 2015 include Wagon R Stingray AMT, Celerio diesel, YRA premium hatchback, Dzire facelift, S-Cross, Ertiga facelift, Ciaz RS and YBA crossover. Maruti will look to increase volumes and market shares through timely launches in a ready to buy market in India.
Maruti Suzuki Celerio and Ciaz bagged the award for Entry Hatchback and Compact Sedan of the Year apart from finding a mention in the Car N Bike Hall of Fame as a best-performing and consistent brand having won most awards over a decade. The PCRA Green Award too came to the auto manufacturer for continued efforts in improving fuel efficiency. Ciaz diesel fuel efficiency is certified at 26.21 kmpl. Swift (diesel at 25.2 kmpl and petrol at 20.4 kmpl) and new Alto K10 fuel efficiency was improved by over over 10 and 15 per cent, respectively.
Maruti Suzuki launched the Celerio with Auto Gear Shift in February 2014. The Auto Gear Shift technology gives customers the option of to shift the cars gears automatically, though at a substantially lower price than conventional automatic transmission and without lowering the fuel efficiency. Celerio Auto Gear Shift (AMT) demand is as high as 45% over 5% demand for conventional automatic transmission. Ciaz sales stand at over 5000 units a month since its recent launch.