The country’s largest carmaker Maruti Suzuki India on Tuesday reported 17.8 per cent increase in net profit at Rs. 802.2 crore for the third quarter ended December 31, 2014.
The company had posted a net profit of Rs. 681.15 crore in the same period last fiscal, Maruti Suzuki India said in a statement.
“Higher volumes, material cost reduction initiatives and favourable foreign exchange contributed to the bottomline during the quarter,” the company said in a statement.
Net sales during the quarter stood at Rs. 12,263.14 crore, up 15.5 per cent as against Rs. 10,619.68 crore in the same period previous fiscal.
Volume sales in the quarter were up 12.4 per cent at 3,23,911 units as compared to 2,88,151 units in the same period last fiscal, it added.
Domestic sales were at 2,95,202 units as against 2,68,185 units in the same period last fiscal while exports stood at 28,709 units as compared to 19,966 units in the year-ago period.
Shares of Maruti Suzuki India were trading 0.39 per cent down at Rs 3,594.40 per scrip during afternoon session on the BSE.
