Maruti Suzuki Net Jumps 18% to Rs 802 Crore in Q3
Maruti Suzuki, India’s largest car maker, reported an 18 per cent year-on-year (y-o-y) jump in its net profit to Rs 802 crore for the quarter ending December 31, 2014. Its net sales rose over 15 per cent y-o-y to Rs 12,263 crore.
Higher volumes, lower raw material costs and favourable foreign exchange helped Maruti register a strong growth, analysts said.
The company had reported a net profit of Rs 681 crore on sales of Rs 10,619 crore in the same period last fiscal.
Maruti Suzuki sold a total of 323,911 vehicles in Q3, up 12.4 per cent year-on-year. Of this, exports were at 28,709 units, which increased 43.8 per cent as compared to last fiscal.
As of 1.46 p.m. shares in Maruti Suzuki traded 0.43 per cent higher at Rs 3,623 apiece, outperforming the Nifty, which was up 0.13 per cent.