MSIL Q2 net up 27 pc
Car major Maruti Suzuki India Ltd (MSIL) reports a 26.95 per cent increase in its net profit for the second quarter ended September 30 at Rs 466.50 crore, reports Deepak Joshi.business Updated: Oct 29, 2007 23:17 IST
Car major Maruti Suzuki India Ltd (MSIL) reported a 26.95 per cent increase in its net profit for the second quarter ended September 30 at Rs 466.50 crore as against Rs 367.44 crore in the corresponding year-ago quarter.
The company's total income in the quarter grew to Rs 4,735.83 crore from Rs 3,540.89 crore in the year- ago quarter, up 33.74 per cent year-on-year, MSIL said in a statement.
With this, total income (net of excise) for the first half of the fiscal (April-September 2007) was Rs. 8,889.90 crore, a growth of 30.5 per cent compared to the same period of the previous year. Net profit stood at Rs. 9,66.1 crore, up 31.1 per cent over last year.
The company’s domestic sales in the second quarter grew 17.8 per cent over the same period last fiscal. The company sold 191,325 vehicles during the quarter, including 15,171 exports.