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Monday, May 2, 2011

Maruti Suzuki skids on muted sales growth in April

Maruti Suzuki India fell 1.78% to Rs. 1,296.25 at 11:20 IST on BSE after company's total sales registered a muted 4.4% rise to 97,155 units in April 2011 over April 2010.

The company announced the monthly vehicle sales figures during market hours today, 2 May 2011.

On BSE, 73,567 shares were traded in the counter as against average daily volume of 65,232 shares over the past one quarter.

The stock hit a high of Rs. 1333.90 and a low of Rs. 1287 so far during the day.

India's largest car maker by sales has an equity capital of Rs. 144.46 crore. Face value per share is Rs. 5.

Maruti's domestic vehicle sales rose 8.9% to 87,144 units in April 2011 over April 2010. Exports fell 23.1% to 10,011 units in April 2011 over April 2010. As per segment wise sales, total domestic passenger cars sales rose 7.6% to 73,905 units in April 2011 over April 2010. Within the passenger segment, sales of A1 segment (comprising of Maruti 800 model) rose 12% to 2528 units in April 2011 over April 2010.

Sales of A2 Segment (Alto, Wagon-R, Estilo, Swift, A-star, Ritz) rose 1.8% to 57,443 units in April 2011 over April 2010. Sales of A3 Segment (SX4, D-Zire) rose 39.1% to 13,899 units in April 2011 over April 2010. Sales of A4 segment which comprised of Kizashi model, which was launched in February 2011 stood at 35 units.

In the B segment, Multi Utility vehicles which consisting of models Gypsy and Grand Vitara, declined 69.5% to 217 units in April 2011 over April 2010. Sales of C segment, comprised of vans Omni and Eeco rose 22.2% to 13,022 units in April 2011 over April 2010.

The company's net profit fell 8.4% to Rs. 2288.60 crore on 24.60% increase in total income, net of excise, to Rs. 37522.40 crore in the year ended March 2011 over the year ended March 2010. Adverse currency movement (particularly on exports), higher commodity prices and new model launches impacted the company's profits in the year ended March 2011, Maruti said

Maruti Suzuki India's board recommended a final dividend of Rs. 7.50 per share for the year ended March 2011. The dividend will be paid on 14 September 2011 subject to the approval of the shareholders in the ensuing annual general meeting.

1 comment:

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