Maruti Suzuki Q4 net marginally up at Rs660 crore; to pay 150 per cent dividend

Maruti Suzuki India Ltd, India's largest carmaker, has posted a net profit of Rs659.86 crore during the quarter ended 31 March 2011, against Rs656.55 crore in the quarter ended 31 March 2010. Total income of the company increased to Rs10,212.05 crore during the quarter ended 31 March 2011, from Rs8,568.18 crore in the similar quarter of the previous year.

For the year ended 31 March 2011, Maruti Suzuki posted a net profit of Rs2,288.64 crore, against Rs2,497.62 crore in the year ended 31 March 2010. Total income for the year increased to Rs37,522.40 crore, against Rs30,123.15 crore during the year ended 31 March 2010, audited figures showed.

Consolidated net profit for the group was lower by about 9.23 per cent at Rs2,382.37 crore during the year ended 31 March 2011, against Rs2,624.64 crore in the year ended 31 March 2010. Total group income increased to Rs38,140.69 crore during the year ended 31 March 2011, from Rs30,704.57 crore during the year ended 31 March 2010. 
 
The board of directors of Maruti Suzuki India Ltd at its meeting today, inter alia, recommended a final dividend aggregating to Rs216.68 crore (ie, Rs7.50 per share of nominal value Rs5 per share) or 150 per cent, for the financial year 2010-11.

The dividend is payable by 14 September 2011 subject to the approval of the shareholders in the ensuing annual general meeting, the company said in a release.

Maruti Suzuki's vehicle sales rose 24.81 per cent to a total of 12,71,005 units in the financial year 2010-11 against 10,18,365 vehicles sold in the 2009-10 financial year.

The Maruti Suzuki stock was up 1.48 per cent at Rs1,326 on the Bombay Stock Exchange during the late afternoon trade.