Maruti Suzuki India's net profit fell to Rs 1,795.6 crore in the March-end quarter, down 4.6 per cent from the year-ago period of Rs 1,882.1 crore in the same quarter last year. The company has announced a dividend of Rs 80 per share for the year 2018-19. '
Total operating income of the company was Rs 21,459.4 crore in the quarter, up 1.4 per cent from the same quarter last year's Rs 21,165.6 crore. For the full financial year 2018-19, the company's standalone net profit stood at Rs 7,500.6 crore, which is 2.9 percent lower than the previous year.
Total consolidated income for the full year on consolidated basis was Rs 88,630.1 crore, which was Rs 84,086.9 crore in the previous year. Net profit has decreased from Rs. 78,807 crores to Rs. 7650.6 crores. In the March quarter, the company's total sales declined 0.7 percent to 4,58,479 units. The company said that in the proposed quarter, the impact of the foreign exchange rate on adverse effects, price rise in prices, depreciation against rupee dollar and promotions for sales were offset. The company's net profit (EBITDA) fell 25 percent year-on-year to Rs 2,263.4 crore. In the quarter, the EBITDA margin decreased by 360 basis points to 10.6%.
In the full fiscal year, the company's domestic market sales grew 6.1 percent to 1,753,700 units. Sales of passenger vehicles increased by 5.3 percent to 17,29,826 units, LCV (Light Commercial Vehicle) sales went up 138 percent to 23,874 units. Exports were 1,08,749 units. '
The company said that this year was difficult because the prices of foreign exchange rates and the impact of commodity prices rose. Deputation expenditure has increased since the start of the second SMG plant in Gujarat. The overall market is slow. Sales have increased due to promotion costs. These offset were part of the cost reduction effort.
Diesel cars will stop production from April 2020 new rule of pollution is being implemented by India Stage-6 from April 2020, Maruti Suzuki India Ltd The production of all their diesel cars will be phased out. Maruti's diesel car sales account for one-third of the total sales. Excluding the production will affect the sale of Maruti, according to Chairman RC Bhargava said earlier. On Thursday, he said that we will not sell diesel cars on April 1, 2020. The company expects buyers to prefer petrol, CNG and other technology vehicles instead of diesel.
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