Maruti Suzukis financial status improves from year-ago period

Friday 18 January 2013, 12:16 PM by

The stock value of country’s largest auto maker, Maruti Suzuki India Limited (MSIL), marked a day high of Rs. 1,521.50 with a low of Rs. 1,495, on January 17, 2013. On January 17, 2012, the share price of MSIL was worst hit by a 52-week low at Rs. 1,015.65. On January 7, 2013, the stock of the auto maker reported a 52-week high at Rs 1,599.90. With these figures, industry experts believe that the auto maker’s financial condition has been improved well over one year.

Maruti Suzukis financial status improves from year-ago period | CarTrade.com
Maruti Suzuki’s financial status improves from year-ago period

Interestingly, at the same time, the country’s BSE Sensex marked an increase of 0.43 per cent or 85.16 points at 19,902.79. 27000 shares were traded on the BSE counter over the average daily volume of 64,246 shares during the last one quarter. Till January 16, 2013, the share value of MSIL had underperformed the stock market in comparison with the last one month by reporting a growth of 1.26 per cent against the 2.59 per cent growth of Sensex.

On January 16, 2013, the shares of MSIL had dipped by 3.43 per cent, taking the stock price to Rs. 1,492.95. Owing to this, the net profit of the company reduced by 5.4 per cent to Rs. 227.45 crore. However, net sales of the auto maker increased by 8.5 per cent, amounting to Rs. 8070.11 crore during the second quarter September 2012, in comparison with the figures of year-ago period. According to sources, the auto maker will declare the financial results of Q3 December 2012 on January 25, 2012. It must be noted that the MSIL’s parent company, Suzuki Motor Corporation, has a stake of 54.21 per cent in Maruti Suzuki.