Growth in volumes, an increase in market share of higher segment models, benefits due to full capacity utilisation and cost reduction efforts drive surge in profits.
27 Apr 2017 | 7471 Views | By Autocar Professional Bureau
The Board of directors of Maruti Suzuki India today approved the financial results for the period January-March 2017 (Quarter 4) and April-March 2016-17 (full fiscal year).
In Q4 FY2017, the company sold 414,439 vehicles, a growth of 15.0 percent over the same period in FY2016. Of this, exports were ...
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The Board of directors of Maruti Suzuki India today approved the financial results for the period January-March 2017 (Quarter 4) and April-March 2016-17 (full fiscal year).
In Q4 FY2017, the company sold 414,439 vehicles, a growth of 15.0 percent over the same period in FY2016. Of this, exports were 1,771 units. The Company’s net sales stood at Rs 18,005 crore, a growth of 20.3 percent over the same period previous year.
Net profit in Q4 stood at Rs 1,709 crore, a growth of 15.8 percent compared to the same period previous year.
FY2017 highlights
In FY2016-17, Maruti Suzuki India sold a total of 1,568,603 vehicles, a year-on-year growth of 9.8 percent. Of this, exports comprised 124,062 units.
The country’s largest carmaker reported net sales of Rs 66,909 crore in April-March 2016-17, a growth of 18.5 percent over the same period last year. Net profit stood at Rs 7,337 crore, up 36.8 percent.
Growth in volumes, an increase in market share of higher segment models, benefits due to full capacity utilisation and cost reduction efforts contributed to the increase in profits. This was partially offset by increase in commodity prices and adverse forex movement.
Also read: Top 10 Passenger Vehicles in FY2016-17