Saturday, July 28, 2012

Maruti Q1 net profit dips 23%

http://www.moneycontrol.com/news/results/maruti-q1-net-profit-dips-23_736789.html

India's largest car maker Maruti Suzuki India today reported a 22.84% fall in its net profit for the quarter ended June 30, at Rs 423.77 crore. The company had posted a net profit of Rs 549.23 crore in the corresponding period last year, Maruti Suzuki India (MSI) said in a statement.

The net sales during the first quarter, however, increased by 27.53% to Rs 10,529.24 crore from Rs 8,256.58 crore in the year-ago period, it added.

During the April-June period, MSI sold a total of 2,95,896 vehicles compared to 2,81,526 units in the same period last year, up 5.10%.

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