Maruti Suzuki India Inspects 22.8% Dip in Net profit in Q1

Modified On Jul 30, 2012 12:47 PM By Vikas for Maruti Ertiga 2015-2022

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The Board of Directors today approved the financial results for the quarter ending June, 2012. Maruti Suzuki India which has been facing a tough time for about two years for one after the other bad reasons inspected a dip in its growth in the first quarter of 2012 as well. And the constant strike has been one of the major reasons that has adversely affected the growth of the company, the violent clash between workers and officials at Manesar Plant has been the recent example which has forced company to halt its production.

However the net sales in the Q1 has gone up to 105,292 Mn as against the last year's 82,566 Mn units for the same period, which means a 27.5 per cent hike. But the net profit has seen a serious drop of 22.8 per cent, whereas in the Q1, last year it was Rs 5,492Mn, it has come down to Rs 4,238Mn.

The growth in Net Sales was on account of higher total volumes, favourable product mix and enhanced exports realizations. Adverse currency movements, notably the Yen-rupee exchange rate, impacted profits negatively. Market demand continued to be skewed in favour of diesel cars while petrol cars suffered a sharp de-growth during the quarter.

Q1 (Apr-Jun) 2012-13

	Q1 2012-13	Q1 2011-12	% change
Net Sales	Rs. 105,292 Mn.	Rs. 82,566 Mn	Up 27.5 %
Net Profit	Rs. 4,238Mn	Rs. 5,492Mn	Down 22.8 %
Domestic	263,264 units	250,683 units	Up 5 %
Exports	32,632 units	30,843 units	Up 5.8%
Total Volume	295,896 units	281,526 units	Up 5.1 %