Maruti Suzuki Q1 net profit jumps 25.26%

Maruti Suzuki India on Thursday reported a 25.26 per cent jump in its net profit for the quarter ended June 30 at Rs 583.54 crore (Rs 5.83 billion).

The company had posted a net profit of Rs 465.85 crore (Rs 4.65 billion) in the April-June period in 2008, Maruti Suzuki India said in a filing to the Bombay Stock Exchange.

Net sales during the first quarter also soared by 34.01 per cent to Rs 6,340.26 crore (Rs 63.4 billion) from Rs 4,731.03 crore (Rs 47.31 billion) in the year-ago period, it added.

MSI had sold 2,26,729 vehicles in the first quarter compared with 1,92,584 in the same period last fiscal, up 17.73 per cent.

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