Maruti Suzuki Q4 Results for Year 2010-11

India's number one carmaker Maruti Suzuki India Limited today announced its financial results for the quarter ending March 31, 2011 and for the full year 2010-11.

Quarter Four (Q4):

The Company registered Total Income (Net of Excise) of Rs. 102,121 million during January-March 2011, a growth of 19.19 per cent compared to Q4 2009-10. The growth in Total Income in Q4 over Q3 during the same year was 6.12 per cent.

Net Profit during January-March 2011 was Rs. 6,599 million a growth of 0.5 per cent over previous year. The growth in Net Profit in Q4 v/s Q3 2010-11 was 16.75 per cent.

Dividend:

The Board of Directors recommended a dividend of 150 per cent (Rs 7.50 per share of face value Rs. 5/-). The dividend in 2009-10 was 120 per cent.

Financial Year 2010-11:

The Company's Total Income (Net of Excise) for the year 2010-11 was Rs. 375,224 million, a growth of 24.6 per cent over fiscal 2009-10.

The Company's Net Profit during the year stood at Rs. 22,886 million, a drop of 8.4 per cent over 2009-10.

The company's profit was impacted by adverse currency movement, particularly on exports, higher commodity prices and new model launches.

Key Highlights of 2010-11

• Total sales of 12,71,005 vehicles during fiscal 2010-11, a growth of 24.8 per cent over fiscal 2009-10 (10,18,365 units).
• Exported 1,38,266 units in the fiscal. This included 43 per cent to European countries.
• Sold 8,08,552 units in A2 segment, a growth of 27.7 per cent.
• In the A3 segment, company sold 1,31,272 units, reflecting a growth of 32.2 per cent.
• In the C segment, sales grew by 58.5 per cent touching 1,60,626 units.

During the year, the company expanded its countrywide network:

Number of	31 March 2011	31 March 2010	Increase
Sales Outlets	933	802	131 added
Cities covered by sales network	666	555	111 added
Service Stations	2946	2740	206 added
Cities covered by service network	1395	1335	60 added
Maruti Driving Schools	164	83	81 added

Source: Maruti Suzuki India