Maruti Suzuki India disclosed a substantial rise in standalone net profit for the quarter ended September 2015. During the quarter, the profit of the company rose 42.09% to Rs 12,255.60 million from Rs 8,625.40 million in the same quarter last year.
Revenues for the quarter rose 13.14% to Rs 139,337.10 million, compared with Rs 123,151 million for the prior year period.
Operating margin for the quarter stood at 16.29 percent as compared to 12.44 percent for the previous year period. Operating Income for the quarter was Rs 22,693.50 million, compared with Rs 15321.4 million in the previous year period.
Earnings per share for the quarter stood at Rs 41, registering 41.38% growth over previous year period.
Commenting on the performance, the company said, 'During the quarter, higher volumes, material cost reduction initiatives and favourable foreign exchange contributed significantly to bottomline growth during the quarter.''
During the quarter, the company sold a total of 353,335 vehicles in Q2, a growth of 9.8%. Of this, exports were at 30,066 units.
Quarterly Results - Standalone (Rs in mn) |
As at | Sep - 15 | Sep - 14 | %Change |
Revenues | 139,337.10 | 123,150.80 | 13.14 |
Net Profit | 12,255.60 | 8,625.40 | 42.09 |
Diluted EPS | 41.00 | 29.00 | 41.38 |