Maruti Q4 profit rises marginally to Rs 659.86 crore

The country's largest carmaker Maruti Suzuki India on Monday reported a marginal rise in its net profit for the quarter ended March 31, at Rs 659.86 crore.

The company had posted a net profit of Rs 656.55 crore in the corresponding quarter of 2009-10, Maruti Suzuki India (MSI) said in a statement.

The total income from operations during the fourth quarter of the last financial year increased 18.93 per cent to Rs 10,092.18 crore from Rs 8,485.83 crore in the same period last year, it added.

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During the quarter, the company's total automobile sales stood at 3,43,340 units compared to 2,87,422 units in the year-ago period, up 19.46 per cent.

For the entire 2010-11 financial year, MSI's consolidated net profit declined by 9.23 per cent to Rs 2,382.37 crore from Rs 2,624.64 crore in FY'10. The consolidated total income from operations during last year went up by 24.75 per cent to Rs 37,578.48 crore from Rs 30,122.51 crore in 2009-10.

MSI sold a total of 12,71,005 vehicles in 2010-11, against 10,18,365 units in the previous financial year, up 24.81 per cent.

The company's board also recommended a dividend of 150 per cent, which is Rs 7.50 per share of the face value of Rs 5 for 2010-11.

Reacting to the results, the shares of the company were trading 1.48 per cent up at Rs 1,326 a piece on the Bombay Stock Exchange during late-afternoon.