Maruti Q2 net profit up 27 per cent to Rs4,665 million
29 Oct 2007
Profit before tax went up to Rs6,841 million during Q2 of 2007-08, a growth of 28 per cent over same period last year. Net profit stood at Rs4,665 million, up 27 per cent over July-September 2006.
With
this, the total income (net of excise) for the first half of the fiscal (April-September
2007) was Rs88,899 million, a growth of 30.5 per cent compared to the same period
of the previous year. Net profit stood at Rs9,661 million, up 31.1 per cent over
April-September 2006.
The company''s domestic sales during Q2 (July-Sept
2007) grew 17.8 per cent over the same period last fiscal. The company sold 191,325
vehicles during the quarter, including 15,171 units of exports.
During the first half of this year, Maruti''s sales grew by 17.5 per cent in the domestic car market. In the same period, the A2 and A3 car segments grew faster showing a growth rate of 21.9 per cent and 57.7 per cent, respectively.
