The Board of Directors of Maruti Suzuki India Limited approved the financial results for the first quarter of 2011-12 (April-June 2011) here today.
The Company registered Net Sales of Rs 83,199 million during the first quarter of 2011-12, a growth of 3.3 per cent compared to the same period of the previous year. Net Profit during the quarter was Rs 5,492 million, a growth of 18 per cent. Higher commodity prices and foreign exchange volatility put pressure on margins as compared to the same period previous year. The market was sluggish, mainly due to a sharp increase in fuel prices and higher interest rates. The Company’s unit sales in the domestic market grew by 3.2 per cent during the Quarter.
During the quarter, the Company sold 250,683 units in the domestic market. Exports were at 30,843 units, against 40,437 units in the same period of the previous year.
