Showing posts with label Maruti Q1 profit soars 23% to Rs 1. Show all posts
Tuesday, 26 July 2016
Maruti Q1 profit soars 23% to Rs 1,486 cr
The auto major had posted a net benefit of Rs. 1,208.1 crore for the same time frame in the past financial.
Nation's biggest carmaker Maruti Suzuki India on Tuesday reported 23 for every penny bounce in net benefit for the principal quarter to Rs 1,486.2 crore, its best-ever quarterly result, on the back of material cost lessening and higher non-working wage.
The auto major had posted a net benefit of Rs. 1,208.1 crore for the same time frame in the past monetary.
Net deals ascended by 12.1 for each penny to Rs. 14,654.5 crore for the main quarter as against Rs. 13,078.3 crore a year ago, Maruti Suzuki India said in an announcement.
"The benefit was aided by a higher turnover, material cost diminishment, higher non-working wage and lower devaluation.
Unfavorable remote trade development decreased benefits to some degree," it included.
The firm said it sold 3, 48, 443 units amid the quarter, a development of 2.1 for every penny a year prior. This incorporates 3, 22, 340 units in residential business sector, a development of 5.4 for each penny.
Sends out amid the quarter remained at 26,103 units.
"The development in the initial two months of the quarter had been 10.2 for every penny, except the lamentable occurrence of flame at a key merchant of the organization brought about lower deals in June 2016," the organization said.
The organization plans to recoup the lost deals over the span of the year, it included.
Maruti Suzuki India stock was exchanging at Rs. 4,575.00 on BSE, up 0.18 for every penny from the past close in late evening session.
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