Maruti Suzuki India Inspects 22.8% Dip in Net profit in Q1
The Board of Directors today approved the financial results for the quarter ending June, 2012. Maruti Suzuki India which has been facing a tough time for about two years for one after the other bad reasons inspected a dip in its growth in the first quarter of 2012 as well. And the constant strike has been one of the major reasons that has adversely affected the growth of the company, the violent clash between workers and officials at Manesar Plant has been the recent example which has forced company to halt its production.
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However the net sales in the Q1 has gone up to 105,292 Mn as against the last year's 82,566 Mn units for the same period, which means a 27.5 per cent hike. But the net profit has seen a serious drop of 22.8 per cent, whereas in the Q1, last year it was Rs 5,492Mn, it has come down to Rs 4,238Mn.
The growth in Net Sales was on account of higher total volumes, favourable product mix and enhanced exports realizations. Adverse currency movements, notably the Yen-rupee exchange rate, impacted profits negatively. Market demand continued to be skewed in favour of diesel cars while petrol cars suffered a sharp de-growth during the quarter.
Q1 (Apr-Jun) 2012-13
|
|
Q1 2012-13 |
Q1 2011-12 |
% change |
| Net Sales |
Rs. 105,292 Mn. |
Rs. 82,566 Mn |
Up 27.5 % |
| Net Profit |
Rs. 4,238Mn |
Rs. 5,492Mn |
Down 22.8 % |
| Domestic |
263,264 units |
250,683 units |
Up 5 % |
| Exports |
32,632 units |
30,843 units |
Up 5.8% |
| Total Volume |
295,896 units |
281,526 units |
Up 5.1 % |
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