Maruti Suzuki's Net Profit shoots up by 56.49 per cent in Q1FY16
Maruti Suzuki India (MSIL) reported its June 2015 quarter results. MSIL sold 341329 vehicles with a growth of 13.82 per cent in Q1FY16 on yearly basis. The company's total income increased by 18.08 per cent to reach Rs 13425 crore in Q1FY16 as compared to the same period in the previous financial year.Its total expenditure increased by 11.89 per cent to Rs 11236 crore in Q1FY16 on yearly basis. MSIL's raw material as a percentage of sales contracted 679 basis points to 60.95 per cent in Q1FY16 on a yearly basis.
MSIL's EBITDA boosted by 64.82 per cent to Rs 2189 crore in Q1FY16 compared to same period in previous fiscal year. The company's EBITDA margin expanded by 463 basis points to 16.31 per cent in Q1FY16 on yearly basis due to cost reduction efforts of the company. Its PBT also rose by 66.63 per cent to Rs 1671 crore in Q1FY16 on yearly basis though its other income reduced by 41.99 per cent amounting to Rs 172 crore during the quarter. PAT of MSIL increased by 56.49 per cent to Rs 1193 crore in Q1FY16 compared to same period in previous financial year but tax expenses increased by 98.78 per cent to Rs 478 crore during the quarter. The company's PAT margin expanded by 219 basis points to 8.89 per cent in Q1FY16 on yearly basis.
MSIL's shareholding pattern indicates that FII holdings contracted by 4 basis points to 21.75 per cent and DII holdings contracted by 12 basis points to 14.58 per cent during June 2015 quarter. The company launched its model NEXA on July 23, 2015.
MSIL is engaged in the business of manufacture, purchase and sale of motor vehicles, automobile components and spare parts. The other activities of the Company consist of facilitation of pre-owned car sales, fleet management and car financing. The Company’s vehicle portfolio includes Alto 800, Alto K10, Wagon R, Celerio, StingRay, Ritz, Swift, DZire, Ertiga, Omni, Eeco, Gypsy, Grand Vitara and Ciaz. Its services include the provision of Finance, Insurance, Maruti Genuine Accessories, Maruti Genuine Parts, Maruti Driving School and Autocard.