Maruti Suzuki India Limited, the country's number one carmaker, today reported a 170 per cent jump in its fiscal fourth quarter (January-March 2010) financial results and the highest-ever annual sales of Rs30,119.7 crore for the 2009-10 financial year.
Net profit during January-March 2010 rose to Rs656.6 crore - a growth of 170 per cent over January-March 2009.
The company recorded a 30 per cent year-on-year rise in its total income (net of excise) at Rs8,503.5 crore during the January-March 2010 - a growth of 30 per cent year-on-year.
Though the profit in the quarter increased on the low base of last year, it was impacted to some extent by the cost of upgradation of the company's full range of cars to Bharat Stage IV emission norms, cost of new model launches, higher raw material prices and adverse foreign exchange movement, the company said.
The company's net profit during the financial year 2009-10 was up 105 per cent at Rs2,497.6 crore.
Total income (net of excise) of Maruti Suzuki for the year 2009-10 climbed to Rs30,119.7 crore - a growth of 40 per cent over 2008-09.