The Directorial Board of Maruti Suzuki India Limited (MSIL), the largest car manufacturer in India, stated their consent over the financial outcomes for the quarter ending on 31st March, 2012 and for the fiscal year 2011 on 28th April 2012.
Quarter 4 2011-12
Q4 2011-12 | Q4 2010-11 | % change | |
Net Sales | Rs. 114,864 Mn | Rs 97,967 Mn | Up by 17.2% |
Net Profit | Rs. 6,398 Mn | Rs. 6,599 Mn | Down by 3% |
Total Volume | 360,334 nos | 343,340 nos | Up by 4.9% |
MSIL registered overall sales of 3,60,334 units during the quarter, which showed a growth of 4.9 per cent as compared to 3,43,340 units, which was reported during the corresponding period last year.
Despite the significant impact felt due to opposing currency trends, the company was able to stabilise its condition by the measures of internal cost control and localisation of resources.
Financial Year 2011-12
2011-12 | 2010-11 | % change | |
Net Sales | Rs. 347,059 Mn | Rs. 358,490 Mn | Down by 3.2% |
Net Profit | Rs. 16,351 Mn | Rs. 22,887 Mn | Down by 28.6% |
Total Volume | 1,133,695 nos | 1,271,005 nos | Down by 10.8% |
Domestic | 1,006,316 nos | 1,132,739 nos | Down by 11.2% |
Exports | 127,379 nos | 138,266 nos | Down by 7.9% |
During the year, MSIL's overall profit/loss ratio was affected because of the negative currency trends and rise in the price of commodities. A slow pace in the auto market and the inclination of buyers towards diesel engine cars also created an impact on the performance.
Dividend maintained at 150 per cent
For fiscal 2011, the MSIL's Board of Directors suggested to pay a dividend of 150 per cent, which states Rs. 7.00 on every share that has a face value of Rs. 5.00. However, the dividend paid in the fiscal 2010 was also 150 per cent.