Maruti Suzuki Q3 net up 18% at 802 crore
.jpg)
Domestic car manufacturer Maruti Suzuki today reported a 18% growth in net profit to Rs 802 crore for the quarter ended December 31, 2014 on the back of higher volumes, material cost reduction initiatives and favorable foreign exchange rates.
Net sales went up 15.5% to Rs 12,263 crore.
The carmaker, which has a market share of 45% in the passenger vehicle segment, sold a total of 3.23 lakh vehicles in Q3 FY15, a growth of 12.4% over the same quarter last year. Of this, exports were at 28,709 units, a growth of 43.8%.
The EBITDA came in at Rs 1,593 crore, with operating margin at 12.7%.
In the nine month period (April to December 2014), Maruti sold a total of 9.45 lakh units, a growth of 13.9%. Net profit in this period was up 22% to Rs 2,427 crore, while net sales rose 15% to Rs 35,333 crore.
The Maruti Suzuki scrip was trading 0.33% higher to Rs 3,620.50 at 1:33 pm on the BSE.
Other Latest News
.webp)
The Enforcement Directorate has filed a money laundering case against YouTuber Siddharth Yadav alias Elvish Yadav and some others under the charge of suspected use of snake venom as a recreational drug in parties he hosted, official sources said Saturday.
The central agency has pressed charges under the Prevention of Money Laundering Act (PMLA) after taking cognisance of a FIR.
.webp)
A flood and a landslide hit Indonesia's Sulawesi island, killing 14 people, officials said Saturday.
Torrential rain pounding the area since Thursday triggered a landslide in Luwu district in South Sulawesi province, said local rescue chief Mexianus Bekabel.
.webp)
India's largest port operator Adani Ports and Special Economic Zone Limited (APSEZ) is looking to expand its operations into the Philippines, with plans to invest in port development, according to a release issued by the office of the president of Philippines.
APSEZ Managing Director Karan Adani met with the Philippines President Ferdinand Marcos Jr at Malacañang on May 2 in a courtesy call to discuss Adani Group's plans for the port.
.webp)
The Securities and Exchange Commission on Friday charged an auditing firm hired by Trump Media and Technology Group just 37 days ago with massive fraud though not for any work it performed for former President Donald Trump's media company.
The SEC charged the accounting firm BF Borgers and its owner, Benjamin F. Borgers, of deliberate and systematic failures in more than 1,500 audits.
.webp)
India's markets regulator has sent notices of regulatory violations to seven companies of the Adani conglomerate, including its flagship Adani Enterprises, the group said in stock exchange filings.
The regulator began probing the Adani group, led by billionaire Gautam Adani, after Hindenburg Research in January 2023 alleged improper use of tax havens and stock manipulation by the group, accusations the group has denied.
.webp)
.webp)
.webp)
.webp)
.webp)
