Maruti Suzuki financial results 2011-12

Maruti Suzuki financial results 2011-12

New Delhi, 28th April, 2012; The Board of Directors of Maruti Suzuki India Limited approved the financial results for the quarter ending March 31, 2012 and for the full year 2011-12 here today.

Quarter 4 2011-12

	Q4 2011-12	Q4 2010-11	% change
Net Sales	Rs. 114,864 Mn	Rs 97,967 Mn	Up by 17.2%
Net Profit	Rs. 6,398 Mn	Rs. 6,599 Mn	Up by 17.2%
Total Volume	360,334 nos	343,340 nos	Up by 4.9%

During the Quarter, the Company sold a total of 360,334 units as compared to 343,340 units in the same period previous year reflecting a growth of 4.9 per cent. While adverse currency movements made a significant impact during the Quarter, the Company was able to largely offset it through localization and internal cost control.

Financial Year 2011-12

	2011-12	2010-11	% change
Net Sales	Rs. 347,059 Mn	Rs. 358,490 Mn	Down by 3.2%
Net Profit	Rs. 16,351 Mn	Rs. 22,887 Mn	Down by 28.6%
Total Volume	1,133,695 nos	1,271,005 nos	Down by 10.8%
Domestic	1,006,316 nos	1,132,739 nos	Down by 11.2%
Exports	127,379 nos	138,266 nos	Down by 7.9%

For the year, the Company¿s bottomline was impacted by adverse currency movement and increased commodity prices. The overall slowdown in the car market, including the skew towards diesel cars, also affected performance.

Dividend maintained at 150 per cent

The Board of Directors recommended a dividend of 150 per cent (Rs 7.50 per share of face value Rs. 5/-) for 2011-12. The dividend in 2010-11 was also at 150 per cent.