Maruti Suzuki s Q1 standalone net profit up 27%
Thursday - July 26, 2018 6:10 pm ,
Category : BUSINESS
New Delhi July 26 (IANS) Automobile major Maruti Suzuki India on Thursday reported a rise of 26.9 per cent in its standalone net profit for the first quarter of 2018-19.
According to Maruti Suzuki the net profit during the quarter under review rose to
Rs 1 975.3 crore from Rs 1 556.4 crore during the corresponding period of previous fiscal.
"While the operating profit increased by 59.7 per cent the net profit increased by 26.9 per cent on account of lower non-operating income due to mark-to-market impact on the invested surplus compared to last year " the company said in a statement.
Besides the automobile major s Q1 net sales were up 27.3 per cent to Rs 21 810.7 crore from Rs 20 594.3 crore earned during the like period of previous year.
The company sold a total of 490 479 vehicles during the quarter a growth of 24.3 per cent over the same period of the previous year.
"Sales in the domestic market stood at 463 840 units a growth of 25.9 per cent. Exports were at 26 639 units " the statement said.
--IANS rv/sed
According to Maruti Suzuki the net profit during the quarter under review rose to
Rs 1 975.3 crore from Rs 1 556.4 crore during the corresponding period of previous fiscal.
"While the operating profit increased by 59.7 per cent the net profit increased by 26.9 per cent on account of lower non-operating income due to mark-to-market impact on the invested surplus compared to last year " the company said in a statement.
Besides the automobile major s Q1 net sales were up 27.3 per cent to Rs 21 810.7 crore from Rs 20 594.3 crore earned during the like period of previous year.
The company sold a total of 490 479 vehicles during the quarter a growth of 24.3 per cent over the same period of the previous year.
"Sales in the domestic market stood at 463 840 units a growth of 25.9 per cent. Exports were at 26 639 units " the statement said.
--IANS rv/sed
