News:- Maruti Suzuki likely to post two-fold increase in net profit to Rs 535 cr: Poll NEW DELHI: Maruti Suzuki India Ltd is slated to come out with its results for the quarter ended September 30 later on Monday. The countrys largest car maker is expected to report two-fold jump in its net profit to Rs 135 per cent YoY rise in its net profit number to Rs 535 cr for the quarter ended September 30, as compared to Rs 228 crore reported in the year ago period, said an ET Now Poll. However, quarterly numbers not comparable like to like or YoY due to merger of Suzuki Powertrain. The merger was carried out to enable Maruti Suzuki to align the expansion of the diesel engine maker with its own expansion plans, as demand for diesel engine cars outpace petrol fueled cars in India. According to ET Now estimates, sharp jump in sales, low base effect and over 20 per cent YoY growth boosted revenues and profit. Net sales for the company are likely to grow by 23.3 per cent YoY for the September quarter to Rs 10,240 crore from Rs 8,305 crore reported in the year-ago period. Read more at:- economictimes.indiatimes/news/news-by-company/earnings/earnings-analysis-/maruti-suzuki-likely-to-post-two-fold-increase-in-net-profit-to-rs-535-cr-poll/articleshow/24804196.cms
Posted on: Mon, 28 Oct 2013 05:51:14 +0000
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