Maruti’s net profits up in 2012-13

During the year, Maruti posted net sales (net of excise) of Rs 42,612 crore. Excluding the effect of Suzuki Powertrain India LTd (SPIL), which was merged with Maruti Suzuki, net sales were Rs 42,122 crore, an increase of 21.3 percent over the comparable figure for the previous year. Net profits for the year stood at Rs 2,392 crore Excluding the effect of the merger, net profits stood at Rs 2,300 crore, an increase of 40.6 percent over year-earlier comparable figures.



For the last quarter of 2012-13, Maruti recorded net sales (net of excise) of Rs 13,056 crore. Excluding the effect of the SPIL merger, net sales were Rs 12,566 crore, an increase of 9.4 percent over the comparable figure in the same period in previous year. Net profits in the quarter were Rs 1,239 crore. Excluding the effect of the merger, net profits stood at Rs 1,147 crore, up 79.8 percent over the comparable figure in the same period, the previous year.



The higher net profits for the quarter have been attributed to higher sales of new models such as Ertiga, Dzire and Swift, cost reduction and localisation efforts, and also the benefit of a favourable exchange rate. The Alto continued to be Maruti’s top-grosser but for the first time in recent years, sales of the model fell below the 300,000-units mark.

The Swift and Dzire were the top sellers for the company after the Alto. Maruti also weathered the second consecutive labour strike in 2012. The board has recommended a dividend of 160 percent (or Rs 8- per share of face value Rs 5) for 2012-13. The dividend in 2011-12 was at 150 percent.