Maruti Suzuki: Net income up 14%
Maruti Suzuki India has announced its financial results for the quarter ending March 31, 2009 and for the full year 2008-09. The company's total income for the financial year 2008-09 stood at Rs 21,453.8 crore, the highest ever in the company's history, marking a growth of 14.28% over FY 2007-08.
The growth in Maruti's total income included higher realisations, largely contributed by the Swift hatchback and Swift Dzire sedan. Net profit during the year stood at Rs 1,218.7 crore, down 29.6% over FY 2007-08.
The company's EBDITA for the year stood at Rs 2,433.4 crore, a decline of about 22% over the previous year. According to Maruti, this was due to high commodity prices and forex fluctuations.
Maruti's board of directors recommended a dividend of 70% 2008-09, as compared to 100% in 2007-08. Maruti Suzuki sold a total of 792,167 vehicles during FY 2008-09, which is the highest ever in the company's 25 year history.
[Via: indiaautomotive]