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Home arrow News arrow Automotive arrow Maruti Suzuki Net Profit up 105% in 2009-10 at Rs 2,497.6 crore
Maruti Suzuki Net Profit up 105% in 2009-10 at Rs 2,497.6 crore Print E-mail
Written by Anand   
Wednesday, 28 April 2010
New Delhi: Maruti Suzuki India Limited has announced its financial results for the quarter ending March 31, 2010 and for the full year 2009-2010. The company's Total Income (Net of Excise) for the year 2009-10 climbed to Rs 30,119.7 crore. This is a growth of 40 per cent over 2008-09. It's Net Profit during the year stood at Rs 2,497.6 crore, up 105 per cent over 2008-09.

Though the profit in the quarter increased on the low base of last year, it was impacted to some extent by the cost of upgradation of the Company's full range of cars to Bharat Stage IV emission norms, cost of new model launches, higher raw material prices and adverse foreign exchange movement.

The Board of Directors recommended a dividend of 120 per cent for 2009-10, compared to 70 per cent for the previous year.

The Company registered Total Income (Net of Excise) of Rs 8,503.5 crore during January-March 2010, a growth of 30 per cent year on year. Net profit during January-March 2010 was Rs 656.6 crore, reflecting a growth of 170 per cent over January-March 2009.

During 2009-10, Maruti Suzuki India Limited registered total sales 10,18,365 units, a Growth of 29% over previous fiscal (792,167 units). While Domestic sales constituted 8,70,790 units, export sales tatalled 1,47,575 units.

Countries contributing to exports included United Kingdom, France, Germany, Italy, Netherlands in Europe. and Algeria, Chile, Indonesia and Australia in non Europe. New markets added in fiscal were South Africa, Hong Kong and Norway.

A2 segment sales were up 23.8 per cent while  A3 segment sales grew 30.8 per cent. Rural sales accounted for 16.5% of the Company's total unit sales, up from 9.5% in 2008-09.

 
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