Maruti Suzuki financial results 2010-11

India’s number one car maker Maruti Suzuki India Limited today announced its financial results for the quarter ending March 31, 2011 and for the full year 2010-11. The Company registered Total Income (Net of Excise) of Rs. 102,121 million during January-March 2011, a growth of 19.19 per cent compared to Q4 2009-10.  The growth in Total Income in Q4 over Q3 during the same year was 6.12 per cent.

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Net Profit during January-March 2011 was Rs. 6,599 million a growth of 0.5 per cent over previous year. The growth in Net Profit in Q4 v/s Q3 2010-11 was 16.75 per cent.  The Board of Directors recommended a dividend of 150 per cent (Rs 7.50 per share of face value Rs. 5/-). The dividend in 2009-10 was 120 per cent. The Company’s Total Income (Net of Excise) for the year 2010-11 was Rs. 375,224 million, a growth of 24.6 per cent over fiscal 2009-10.

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The Company’s Net Profit during the year stood at Rs. 22,886 million, a drop of 8.4 per cent over 2009-10. The company’s profit was impacted by adverse currency movement, particularly on exports, higher commodity prices and new model launches.