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Maruti Suzuki sales sees 9.8% hike in Q2 & H1 results

Maruti Suzuki sales sees 9.8% hike in Q2 & H1 results

Author | exchange4media News Service | Wednesday, Oct 28,2015 8:12 AM

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Maruti Suzuki sales sees 9.8% hike in Q2 & H1 results

The Board of Directors of Maruti Suzuki India Limited have approved the financial results for the period July-September 2015-16 (Q2) and April-September 2015-16 (H1).

The Company sold a total of 353,335 vehicles in Q2, a growth of 9.8 per cent. Of this, exports were at 30,066 units. Maruti Suzuki’s net sales were Rs 135,748 million, a growth of 13.2 per cent over the same period of the previous year.  Net profit in Q2 stood at Rs 12,256 million, up 42.1 per cent compared to the same period last year.

Higher volumes, material cost reduction initiatives and favourable foreign exchange contributed significantly to bottomline growth during the quarter.

The Company sold a total of 694,664 vehicles in H1 a growth of 11.7 per cent. Of this, exports were at 65,701 units. Their net sales was Rs 266,531 million in April-September 2015-16, a growth of 15.5 per cent over the same period last year. Net profit stood at Rs 24,185 million, up 48.8 per cent.

Higher volumes, material cost reduction initiatives and favourable foreign exchange contributed to profits.

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