Maruti Suzuki sold 3.95 lakh cars in Q1 FY18

Maruti Suzuki India Limited has sold 394,571 vehicles in the first quarter of 2017-18, a growth of 13.2 per cent over same period previous year. Of this, exports were at 26,140 units. The Company’s net sales in April-June period stood at Rs 171,324 million, a growth of 16.7 per cent over the same period previous year.

Profit Before Tax in the quarter stood at Rs 22,987 million, reflecting a growth of 12.3 per cent over same period previous year. However, the Net Profit in Q1, Rs 15,564 million, grew by 4.4 per cent compared to previous year due to higher deferred tax provision.

“Growth in volumes, favourable product mix, higher non-operating income and cost reduction efforts contributed to increase in profits. However, costs were impacted by higher commodity prices, and sales promotion and marketing expenses. During the quarter there was a one-off impact of compensation given to dealers for the tax loss incurred on vehicles in the stock at the time of transition to GST,” said the company.

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