<p>The country's largest carmaker Maruti Suzuki India today reported 20.69 per cent increase in net profit at Rs 762.28 crore for the first quarter ended June 30, 2014-15, riding on robust sales, cost reduction and forex gains.<br /><br /></p>.<p>It had posted net profit of Rs 631.60 crore in the same period last fiscal, MSI said in a statement.<br /><br />Net sales during Q1, 2014-15 stood at Rs 11,073.51 crore, up 10.78 per cent as against Rs 9,995.12 crore in the same quarter of last fiscal.<br /><br />MSI said it sold 2,99,894 vehicles during Q1, a growth of 12.6 per cent over the year-ago period.<br /><br />Sales in the domestic market stood at 2,70,643 units, up 10.3 per cent. Exports were at 29,251 units, up 38.7 per cent.<br /><br />The company said its cost reduction and localisation initiatives, growth in volumes and favourable foreign exchange helped improve the bottomline during the quarter.<br /><br />The MSI scrip was trading at Rs 2,558.10, up 0.24 per cent, on the BSE.</p>
<p>The country's largest carmaker Maruti Suzuki India today reported 20.69 per cent increase in net profit at Rs 762.28 crore for the first quarter ended June 30, 2014-15, riding on robust sales, cost reduction and forex gains.<br /><br /></p>.<p>It had posted net profit of Rs 631.60 crore in the same period last fiscal, MSI said in a statement.<br /><br />Net sales during Q1, 2014-15 stood at Rs 11,073.51 crore, up 10.78 per cent as against Rs 9,995.12 crore in the same quarter of last fiscal.<br /><br />MSI said it sold 2,99,894 vehicles during Q1, a growth of 12.6 per cent over the year-ago period.<br /><br />Sales in the domestic market stood at 2,70,643 units, up 10.3 per cent. Exports were at 29,251 units, up 38.7 per cent.<br /><br />The company said its cost reduction and localisation initiatives, growth in volumes and favourable foreign exchange helped improve the bottomline during the quarter.<br /><br />The MSI scrip was trading at Rs 2,558.10, up 0.24 per cent, on the BSE.</p>