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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.

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