MARUTI SUZUKI LTD - RESULTS FOR Q3 FY 2012-13 - Q/E DEC,2012. - NET SALES UP 46% YoY; NET PROFIT UP 144% YoY

MARUTI SUZUKI LTD

RESULTS FOR Q3 FY 2012-13

Q/E DEC,2012.

Q3: Oct-Dec (2012-13 Vs 2011-12) :

The Company registered Net Sales (net of excise) of Rs. 109,570 million, an increase of 45.6 per cent over the same period in the previous year. The growth in Net Sales was on account of higher volumes, favourable model mix and enhanced export realisation.

Net Profit during the quarter stood at Rs. 5,013 million, a growth of 143.8 per cent. The growth in Net Profit was primarily due to higher sales and good response to new models like Ertiga and Swift DZire. The Company's continued cost reduction efforts helped to drive profit in the quarter.

During the quarter, the Company sold 268,957 units in the domestic market, compared to 211,803 units, reflecting a growth of 27 per cent. The Company exported 32,496 units during the quarter, up 17.2 per cent.

9 Months: Apr-Dec (2012-13 Vs 2011-12)

In nine months of 2012-13, the Company's Net Sales (net of excise) stood at Rs. 295,563 million, an increase of 27.3 per cent over same period in the previous year.

Net Profit during nine months (2012-13) stood at Rs. 11,525 million, a growth of 15.8 per cent.

During the nine month period, the Company sold 742,175 units in the domestic market, reflecting a growth of 8.4 per cent. Exports during April-Dec 2012 stood at 85,550 units against 88,469 units in April-Dec 2011.

Current Market Price : Rs.1610.00

52 week high/low price : 1633.90/1051.00

RESULTS TABLE

Maruti Suzuki	31-Dec-12	30-Sep-12	%dif QoQ	31-Dec-11	%dif YoY
Net Sales	1095695	807011	35.77	771787	41.97
Total Expenditure	1066740	814392	30.99	776412	37.39
Profit before Interest, Dep. & Taxes	28955	-7381	492.29	-4625	726.05
Changes in inventories of fFG, SIT, WIP	-15873	25197	-163	-11853	33.92
Cost of materials	837604	586541	42.8	599531	39.71
Purchases of SIT	56684	49357	14.84	36648	54.67
Employee benefits	24123	23522	2.56	20902	15.41
Depreciation	35833	34704	3.25	29893	19.87
Other expenses	128369	95071	35.02	101291	26.73
Total expenses	1066740	814392	30.99	776412	37.39
Profit before tax	67563	27982	141.45	26130	158.56
Tax Expenses	17434	5237	232.9	5568	213.11
Net Profit	50129	22745	120.4	20562	143.79
Face Value of Share (in )	5	5	0	5	0
Paid-up Equity	14446	14446	0	14446	0
Basic EPS	17.35	7.87	120.46	7.12	143.68
Public holding (%)	45.79	45.79	0	45.79	0

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