Maruti Suzuki Q1 net up 49% at Rs 631.6 cr

Country's largest car-maker Maruti Suzuki India today reported 49% jump in net profit at Rs 631.6 crore for the first quarter ended June 30, 2013.

Country's largest car-maker Maruti Suzuki India today reported 49% jump in net profit at Rs 631.6 crore for the first quarter ended June 30, 2013.

The company had posted a net profit of Rs 423.77 crore in the corresponding period last fiscal.

However, net sales during the quarter under review stood at Rs 9,995.12 crore as against Rs 10,529.24 crore in the same period a year ago, the company said in a statement.

In terms of volumes, sales were down by 9.98% to 2,66,343 units as against 2,95,896 units in the year-ago period.

Shares of Maruti Suzuki India were trading at Rs 1,404.85 apiece in the afternoon trade, down 0.78% from the previous close on the BSE.