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Maruti Suzuki Q3 net profit up by 18%

India Blooms News Service | 27 Jan 2015, 09:49 pm
Mumbai, Jan 27 (IBNS): Automobile manufacturer Maruti Suzuki India Limited on Tuesday reported 17.8 per cent increase in net profit to stand at Rs 802.2 crore.

The company's net sales stood at Rs 12,263.14 crore, up 15.5 per cent for the third quarter ended December 31, 2014.

"The Company sold a total of 323,911 vehicles in Q3, a growth of 12.4 per cent. Of this, exports were at 28,709 units, a growth of 43.8 per cent," the company said in a statement.

It said: "Higher volumes, material cost reduction initiatives and favorable foreign exchange contributed to bottom-line during the quarter."

Maruti Suzuki Q3 net profit up by 18%

India Blooms News Service
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