Favourable conditions like stimulus package of the Government, buoyant semiurban markets, low interest rates, improved financing by Government banks, low inflation and low oil prices have helped Maruti Suzuki Ltd to post INR 570 crore net profit for the second quarter ended September 30th 2009. This is against INR 296.12 crore recorded during the corresponding quarter previous fiscal.
The release added that the company has registered net sales of INR 7,049.6 crore during the quarter as compared with INR 4806.26 crore during the previous fiscal.
For the first half of 2009-10, net profit was up at INR 1,153.5 crore and net sales were up at INR 13,389.8 crore.
During the quarter, domestic sales volume grew by 21.8% to 209,083 units led by new models such as Estilo, A-star and Ritz as well as Alto, Swift, Swift DZire and Wagon R.
The release added that the company has registered net sales of INR 7,049.6 crore during the quarter as compared with INR 4806.26 crore during the previous fiscal.
For the first half of 2009-10, net profit was up at INR 1,153.5 crore and net sales were up at INR 13,389.8 crore.
During the quarter, domestic sales volume grew by 21.8% to 209,083 units led by new models such as Estilo, A-star and Ritz as well as Alto, Swift, Swift DZire and Wagon R.
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