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Maruti Q4 net profit up three-fold on strong sales
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SME Times News Bureau | 26 Apr, 2010
Car major Maruti Suzuki on Monday reported a nearly three-fold jump in net profit at Rs 656.55 crore for the quarter ending March 31, 2010.
The company had posted a net profit of Rs 243.13 crore in the corresponding quarter of 2008-09 fiscal, Maruti Suzuki India (MSI) said in a statement to the Bombay Stock Exchange.
The total income during the fourth quarter of the last fiscal increased by 30.06 per cent to 8,503.52 crore from Rs 6,538.34 crore in the same period previous fiscal, it added.
For the entire 2009-10 financial year, MSI's consolidated net profit soared by over two-fold at Rs 2,624.64 crore, as against Rs 1,227.45 crore in FY'09.
The company's board also recommended a final dividend of Rs 6 per share (nominal value of Rs 5 per share) for 2009-10, that aggregated to Rs 173.35 crore.
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