Monday, April 25, 2011

Maruti Q4 net up at Rs 660 cr; board proposes 150% dividend

New Delhi : The country’s largest carmaker Maruti Suzuki India, has reported a marginal rise in its net profit for the fourth quarter ended March 31, 2011, at Rs 659.86 crore.

The company had posted a net profit of Rs 656.55 crore in the corresponding quarter of 2009-10 fiscal, Maruti Suzuki India (MSI) said in a statement today.

During the quarter, total income from operations increased by 18.93 per cent to Rs 10,092.18 crore from Rs 8,485.83 crore in the same period previous fiscal. Total automobile sales stood at 3,43,340 units (2,87,422 units), up 19.46 per cent.

For the entire 2010-11 financial year, Maruti Suzuki’s consolidated net profit declined by 9.23 per cent to Rs 2,382.37 crore from Rs 2,624.64 crore in FY’10. Consolidated total income from operations went up by 24.75 per cent to Rs 37,578.48 crore from Rs 30,122.51 crore.

The company sold a total of 12,71,005 vehicles in 2010-11 fiscal against 10,18,365 units in the previous fiscal, up 24.81 per cent.

The company’s board also recommended a dividend of 150 per cent, which is Rs 7.50 per share of the face value of Rs 5 for 2010-11.

Reacting to the results, the company shares were trading 1.48 per cent up at Rs 1,326 a piece on the Bombay Stock Exchange during the late afternoon trade.


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