The Board of Directors of Maruti Suzuki India Limited approved the financial results for the third quarter of 2011-12 (October- December 2011) here today.
Q3: Oct-Dec (2011-12 Vs 2010-11)
The Company registered Net Sales (net of excise) of Rs. 76,636million, a decline of 17.4 per cent over same period in the previous year. Net Profit during the quarter stood at Rs 2,056million, a fall of 63.6percent. During the Quarter, the Company sold 211,803units in the domestic market as compared to 299,527units same period previous year. In exports, the Company sold 27,725units against 31,160units in the previous year.
Unit sales in the Quarter were impacted by sluggish market conditions caused by higher fuel prices and interest rates. Additionally, the Company lost around 40,000units in production due to the industrial relations problem at Manesar. The depreciation of the Rupee during the Quarter adversely impacted the bottom-line through higher cost of imports for the Company and its vendors and royalty.
9 Months: Apr-Dec (2011-12 Vs 2010-11)
The Company registered Net Sales (net of excise) of Rs 235,210million, a decline of 10.4percent over same period in the previous year. Net Profit during the period stood at Rs 9.953million, a fall of 38.9 per cent. During this period, the company sold 684,892units in the domestic market as compared to 820,350units during same period in last year. In exports, the Company sold 88,469units.
