Maruti Suzuki: Q1 FY15 Results

The standalone net profit of Maruti Suzuki increased to Rs 762.28 crore in June’14 quarter as against Rs 631.60 crore in June’13 quarter, up 17%. The net profit was aided by increase in net sales which increased to Rs 11073.51 crore in June’14 quarter from Rs 9995.12 crore in June’13 quarter, up 10.78% (YoY). The EPS increased to Rs 25.33 per share in June’14 quarter as compared to Rs 20.91 per share in June’13 quarter.
 
The company sold a total number of 299,894 vehicles in June’14 quarter as against 266,434 in June’13 quarter, up 12.55% (YoY). The total number of vehicles exported stood at 29251 in June’14 quarter as compared to 21088 sold in June’13 quarter up 38.70% (YoY)

The total expenses of the company increased to Rs 10625.08 crore in June’14 quarter from Rs 9551.35 crore in June’13 quarter, up 11.24%. This was mainly due to increase in cost of raw material consumed, depreciation & amortization expenses and other expenses which increased 10.65%, 21% and 11% respectively (YoY). The EBITDA as a percentage of sales increased 30 basis points to 12% in June’14 quarter as against 11.70% in June ’13 (YoY).
 
Maruti Suzuki said in a statement that the company’s localization initiatives, growth in volumes and favorable foreign exchange have helped improve the performance of the company.
 
Maruti Suzuki is also engaged in other activities such as facilitation of pre-owned car sales, fleet management and car financing however, income from these activities is not material in financial terms but such activities help contribute significantly in generating demand for the products of the company.