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Maruti Suzuki Q4 profit jumps 60.5%

Last Updated 27 April 2015, 17:23 IST

India’s largest car producer Maruti Suzuki on Monday reported a 60.5 per cent jump in its net profit at Rs 1,284.2 crore in the quarter ended March this year helped by higher volumes and lower material costs.

The company had posted a net profit of Rs 800.05 crore in the same period last fiscal. Net sales during the quarter stood at Rs 13,272.6 crore, up 12.3 per cent against
Rs 11,818.13 crore in the same period last fiscal. Sales in the quarter were up 6.7 per cent at 346,712 units, the company said, adding that exports were at 29,542 units, a growth of 12.4 per cent.

“The major cause for increase in profit has been partly higher volumes. To a large extent what has helped is lower material cost and favourable foreign exchange, as well as lower commodity prices,” Maruti Suzuki India Chairman R C Bhargava told reporters here.
Bhargava said favourable foreign exchange helped bring royalty rates.

 Meanwhile, Maruti’s Board of Directors recommended a dividend of 500 per cent or Rs 25 per share for the financial year 2014-15. The company had paid dividend at 240 per cent or Rs 12 per share in 2013-14.

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(Published 27 April 2015, 08:51 IST)

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