Country's largest car maker Maruti Suzuki India on Friday reported 79.4 per cent jump in its standalone net profit for the quarter ended 31 March at Rs 1,147.5 crore, mainly on the account of good sales of models like Ertiga, DZire and Swift.
The company had registered a net profit of Rs 639.8 crore during the corresponding period last year, Maruti Suzuki India (MSI) said in a statement.
The company's standalone net sales during the fourth quarter of the last fiscal went up by 9.4 per cent to Rs 12,566.6 crore from Rs 11,486.4 crore in the year-ago period, it added.
During January-March period, MSI sold a total of 3,43,709 vehicles, down 4.6 per cent from 3,60,334 units in the same period last year.
Commenting on the numbers, MSI said: ‘The increase in net profit during the quarter was on account of higher sales of new models such as Ertiga, DZire and Swift; cost reduction and localisation efforts, and the benefit of a favourable exchange rate.’
For the entire 2012-13 financial year, MSI posted a rise of 40.7 per cent in its standalone net profit at Rs 2,300 crore as against Rs 1,635.1 crore in the previous fiscal, the statement said. The company's standalone net sales went up by 21.4 per cent to Rs 42,122.9 crore in FY'13 from Rs 34,705.9 crore in FY'12, it added.
During its meeting, the Board of Directors recommended a dividend of 160 per cent, which is Rs 8 per share of face value Rs 5 for 2012-13.
ICICI BANK QUARTERLY PROFIT RISES 21%
ICICI Bank on Friday reported 21 per cent jump in net profit at Rs 2,304.07 crore for the fourth quarter ended 31 March.
It had earned a net profit of Rs 1,902 crore in the same period last year, ICICI Bank said in a statement. Total income of the country’s largest private sector bank rose to Rs 12,573.52 crore in January-March quarter.
The company had registered a net profit of Rs 639.8 crore during the corresponding period last year, Maruti Suzuki India (MSI) said in a statement.
The company's standalone net sales during the fourth quarter of the last fiscal went up by 9.4 per cent to Rs 12,566.6 crore from Rs 11,486.4 crore in the year-ago period, it added.
During January-March period, MSI sold a total of 3,43,709 vehicles, down 4.6 per cent from 3,60,334 units in the same period last year.
Commenting on the numbers, MSI said: ‘The increase in net profit during the quarter was on account of higher sales of new models such as Ertiga, DZire and Swift; cost reduction and localisation efforts, and the benefit of a favourable exchange rate.’
For the entire 2012-13 financial year, MSI posted a rise of 40.7 per cent in its standalone net profit at Rs 2,300 crore as against Rs 1,635.1 crore in the previous fiscal, the statement said. The company's standalone net sales went up by 21.4 per cent to Rs 42,122.9 crore in FY'13 from Rs 34,705.9 crore in FY'12, it added.
During its meeting, the Board of Directors recommended a dividend of 160 per cent, which is Rs 8 per share of face value Rs 5 for 2012-13.
ICICI BANK QUARTERLY PROFIT RISES 21%
ICICI Bank on Friday reported 21 per cent jump in net profit at Rs 2,304.07 crore for the fourth quarter ended 31 March.
It had earned a net profit of Rs 1,902 crore in the same period last year, ICICI Bank said in a statement. Total income of the country’s largest private sector bank rose to Rs 12,573.52 crore in January-March quarter.