Maruti Suzuki India Limited today announced its financial results for the quarter ending March 31, 2010 and for the full year 2009-2010. 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% over 2008-09. The net profit during the year stood at Rs 2,497.6 crore, up 105% over 2008-09.
The Board of Directors recommended a dividend of 120% for 2009-10, compared to 70% 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.
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.
Sales highlights of 2009-10:
- Total sales 10,18,365 units; Growth of 29% over previous fiscal (792,167 units)
- Domestic sales of 8,70,790 units
- A2 segment sales up 23.8 per cent ; 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
- Export sales of 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: South Africa, Hong Kong and Norway.
