Maruti Suzuki 4Q net soars 60%

India’s largest carmaker Maruti Suzuki reported a 60 percent jump in net profit at Rs.1,284 crore for the quarter ending March 2015 as against Rs.800 crore in the same period a year ago.

The company said that higher volumes, lower material cost contributed to its bottom line in 4Q.

The revenue increased 12 percent to Rs.13,273 crore from Rs.11,818 crore in March 2014. The other income was however down 20 percent at Rs.320 crore as against Rs.398 crore a year ago.

The company sold 12.9 lakh units in FY15, up 11.9 percent on yearly basis.

The company announced a dividend of Rs.25 per share.

Yesterday, the Maruti Suzuki scrip was trading 2 percent higher in the afternoon trade at Rs.3,620 on the BSE.

(Business Standard)