SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 28 Jul, 2015  

Maruti.9.Thmb.jpg Maruti Suzuki's Q1 net profit up more than 56 pc

Maruti.9.jpg
   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
SME Times News Bureau | 28 Jul, 2015
Automobile major Maruti Suzuki on Tuesday reported a rise of over 56 percent in its net profit for the first quarter of the current fiscal.

According to the company, its net profit for the quarter ended June 30, 2015 stood at Rs.1,192.92 crore, up from Rs.762.28 crore in the corresponding period of 2014-15.

"During the quarter, higher volumes, cost reduction efforts, lower sales promotion expenses, and favourable foreign exchange helped improve the performance," the company was quoted as saying in a statement.

Net sales for the quarter under review rose by 18.1 percent to Rs.13,078.32 crore over the corresponding period's sales of Rs.11,073.51 crore.

However, the other income of the automobile major marginally declined by 2.24 percent in the quarter under review to Rs.346.61 crore from Rs.354.58 crore in the corresponding period of 2014-15.

The automobile manufacturer sold a total of 341,329 vehicles during the quarter under review, which represents a growth of 13.8 percent.

The company had an off-take of 299,894 units during the like period of the previous year.

Domestic sales grew by 13 percent to 305,694 units from 270,643 units sold in the corresponding period of last fiscal.

Exports zoomed by 21.8 percent at 35,635 units from 29,251 units shipped out in the quarter ended June 30, 2014.

The turnover which includes net sales and other income in the period under review was higher by 17.47 percent at Rs.13,424.93 crore from Rs.11,428.09 crore in the first quarter of last fiscal.

The company's scrip at the Bombay Stock Exchange (BSE) gained by 0.54 percent or 22.70 points around 2 p.m. on Tuesday and stood at Rs.4,199.05 from its previous close of Rs.4,176.35 per equity share.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
PM Modi's recent US visit to redefine India-US bilateral relations
 Yes
 No
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter