MARUTI SUZUKI INDIA LTD = RESULTS = FOR Q1 (FIRST QTR) FY 2012 = NPT UP YoY BY 18.02% = MARGINS UNDER PRESSURE

Maruti Suzuki India Limited

NSE Symbol     MARUTI

MARUTI SUZUKI has declared reasonable results for the first quarter ending June 2011 (Q1 FY 2012).

Net Sales for Q1 FY 12 is Rs.8361.47 cr –is down by 15.59% from Q4 FY 11(Preceding Qtr); down by 10.34% from Q3 FY 11; down by 6.86% from Q2 FY 11; and UP by 3.35% from Q1 FY 11(Corresponding Qtr).

Raw Material Cost stands at Rs.6502.35 cr – down by 14.43% from Q4 FY 11 (Pre-Qtr); down by 6.56% from Q3; down by 6.29% from Q2 FY 11; but up by  6.95% from Q1 FY 11.

Total Expenditure      at Rs.7957.37 cr – down by 15.16% from Q4 FY11; down by 9.88% from Q3 FY 11; down by 5.55% from Q2 FY 11; and UP by 3.6% from Q1 FY 11.

Profit from Operations stands at Rs.571.93 cr – down by 19.79% from Q4 FY 11; down by 13.98% from Q3; down by 20.8% from Q2; and UP by 3.83% from Q1 FY 11.

Profit before tax is Rs.746.25 cr – down by 9.72% from Q4 FY 11; down by 5.87% from Q3; down by 11.83% from Q2; but up by 16.05% from Q1 FY 11(corresponding Qtr), boosted by higher Other Income.

Net Profit stands at Rs.549.23 cr – down by 16.77 from Q4 FY 11(Pre-Qtr); down by 2.82% from Q3; down by 8.19% from Q2; and up by a good 18.02% from Q1 FY 11 (Corresponding Qtr).

On a Face Value of Rs.5 - Basic EPS  stands at Rs.19.01 for Q1 FY 12 – against Rs.22.84  in Q4 FY 11(Pre-Qtr); Rs.19.56 in Q3; Rs.20.71 in Q2; and Rs.16.11  in Q1 FY 11 (Corresponding Qtr)

Maruti Suzuki says -

The Company registered Net Sales of Rs 83,199 million during the first quarter of 2011-12, a growth of 3.3 per cent compared to the same period of the previous year.

Higher commodity prices and foreign exchange volatility put pressure on margins as compared to the same period previous year. The market was sluggish, mainly due to a sharp increase in fuel prices and higher interest rates. The Company's unit sales in the domestic market grew by 3.2 per cent during the Quarter.

During the quarter, the Company sold 250,683 units in the domestic market. Exports were at 30,843 units, against 40,437 units in the same period of the previous year.

Maruti Suzuki's volume in the domestic A3 segment grew by 5.7 per cent, compared to sales in April-June 2010. The A2 segment was flat (up by 0.3 per cent), while in the C segment, sales volume grew by 21.6 per cent.

ANNOUNCEMENTS TO NSE

26-07-2011 Maruti Suzuki India Limited standalone Results for the quarter ended on 30-JUN-2011 as follows: Net Sales of Rs. 836147 lacs for quarter ending on 30-JUN-2011 against Rs. 809039 lacs for the quarter ending on 30-JUN-2010. Net Profit / (Loss) of Rs. 54923 lacs for the quarter ending on 30-JUN-2011 against Rs. 46536 lacs for the quarter ending on 30-JUN-2010.

RESULTS TABLE

Maeuti Suzuki	30-Jun-11	31-Mar-11	31-Dec-10	30-Sep-10	30-Jun-10
Net Sales	836147	990585	932613	897737	809039
Other Operating Income	16783	18633	16832	16990	14114
Increase in SIT/WIP	-15272	-11652	14975	-14821	5494
Raw Materials	650235	759850	695903	693888	607972
Traded Goods	34210	38091	33672	28496	27557
Employees Cost	17935	15339	23245	15682	16096
Depreciation	24247	29667	23694	23819	24170
Other Expenditure	84382	106618	91471	95450	86783
Total Expenditure	795737	937913	882960	842514	768072
Profit from Operations	57193	71305	66485	72213	55081
Other Income	18007	11987	12827	13397	10020
Interest	575	635	36	972	798
Profit before tax	74625	82657	79276	84638	64303
Tax expense	19702	16671	22759	24814	17767
Net Profit	54923	65986	56517	59824	46536
Dividend (%)	-	150	-	-	-
Face Value (In Rs	5	5	5	5	5
Paid Up Equity	14446	14446	14446	14446	14446
Basic EPS	19.01	22.84	19.56	20.71	16.11
Public Holding (%)	45.79	45.79	45.79	45.79	45.79

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