Maruti Suzuki India edges higher after announcing Q3 results

Automobile, Viewed [ 1498 ] , Rating :
Nitika Walia, Star Live 24
Tuesday, January 27, 2015
Published On: 15:05:24 PM

Maruti Suzuki India rose 0.45% to Rs 3,624.75 at 14:00 IST on BSE afterthe company's net profit rose 17.76% to Rs 802.16 crore n 15.38% rise in totalincome to Rs 12704.72 crore in Q3 December 2014 over Q3 December 2013.

The company announced Q3 resultsduring market hours today, 27 January 2015.

Meanwhile, the S&P BSESensex was up 56.81 points or 0.19% at 29,335.65.

On BSE, so far 1.11 lakhshares were traded in the counter as against average daily volume of 36,502shares in the past one quarter.

The stock hit a high of Rs3,684.90 and a low of Rs 3,587.05 so far during the day. The stock had hit arecord high of Rs 3,688.60 on 21 January 2015. The stock had hit a 52-week lowof Rs 1,541.25 on 28 January 2014.

The stock hadunderperformed the market over the past one month till 23 January 2015, gaining6.18% compared with Sensex's 6.44% rise. The scrip had, however, outperformedthe market in past one quarter, gaining 14.03% as against Sensex's 9.04% rise.

The large-cap carmanufacturing company has equity capital of Rs 151.04 crore. Face value pershare is Rs 5.

Maruti Suzuki India saidthat higher volumes, material cost reduction initiatives and favourable foreignexchange contributed to bottom line during the quarter.

Maruti Suzuki India'stotal sales rose 12% to 3.23 lakh units in Q3 December 2014 over Q3 December2013. Exports rose 43.8% to 28,709 units in Q3 December 2014 over Q3 December2013.



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