Maruti Suzuki Q3 net up 18% at 802 crore

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.

Maruti Suzuki India Limited