Sunday, October 31, 2010

Maruti Suzuki financial results (Q2 – FY2010-11)

The Board of Directors of Maruti Suzuki India Limited approved the financial results for the second quarter of 2010-11 (July - September 2010) here today.

The Company registered Net Sales (net of excise) of Rs 89,371 million during the second quarter of 2010-11, a growth of 26.8 per cent over the same period last year. This marked a growth of 11 per cent over Net Sales in the first quarter of this fiscal (April-June 2010)

Net Profit during the second quarter of 2010-11 was Rs 5,982 million, up 5 per cent over the same period last year. This was a growth of 28.5 per cent over the first quarter (April- June 2010).

Maruti Suzuki

During the Quarter (July-Sept 2010), the domestic auto industry continued to witness strong volume growth. The Company achieved its highest ever domestic sales in a quarter at 2,77,936 units, a growth of 32.9 per cent over the same period last year.

Unit Sales

During the Quarter, the Company launched Alto K10, and factory-fitted CNG versions of Alto, Estilo, WagonR, Eeco and SX4. An automatic version of A-star was also launched.

The Company’s volume in the domestic A2 segment grew by 30 per cent, while in the A3 segment, sales volume grew by 29.2 per cent, compared to sales in July-September 2009.

Sales in C segment, comprising Omni and Eeco, grew 87.4 per cent.

At the end of the Quarter, sales network stood at 860 outlets, covering 598 cities (end Mar’10: 802 outlets, 555 cities).

Service network stood at 2,819 workshops, covering 1,354 cities. (end Mar’10: 2,740 workshops, 1,335 cities)

Maruti Suzuki expansion plans, the company is going to add two new cars by the end of this current calender year that includes Maruti Kizashi and Maruti Cervo. Besides, Maruti will also open 1500 service station by 2015.

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