Wednesday, 29 July 2015

Maruti Suzuki on Tuesday reported a rise of over 56 percent in its net profit for 29 July 2015

Automobile major Maruti Suzuki on Tuesday reported a rise of over 56 percent in its net profit for the first quarter of the current fiscal. According to the company, its net profit for the quarter ended June 30, 2015 stood at Rs.1,192.92 crore, up from Rs.762.28 crore in the corresponding period of 2014-15. "During the quarter, higher volumes, cost reduction efforts, lower sales promotion expenses, and favourable foreign exchange helped improve the performance," the company was quoted as saying in a statement. Net sales for the quarter under review rose by 18.1 percent to Rs.13,078.32 crore over the corresponding period's sales of Rs.11,073.51 crore. However, the other income of the automobile major marginally declined by 2.24 percent in the quarter under review to Rs.346.61 crore from Rs.354.58 crore in the corresponding period of 2014-15. The automobile manufacturer sold a total of 341,329 vehicles during the quarter under review, which represents a growth of 13.8  21.8 percent at 35,635 units from 29,251 units shipped out in the quarter ended June 30, 2014. The turnover which includes net sales and other income in the period under review was higher by 17.47 percent at Rs.13,424.93 crore from Rs.11,428.09 crore in the first quarter of last fiscal. The company's scrip at the Bombay Stock Exchange (BSE) gained by 0.54 percent or 22.70 points around 2 p.m. on Tuesday and stood at Rs.4,199.05 from its previous close of Rs.4,176.35 per equity share


About

Parag Patil is a technical analyst and trading system designer with stock excel programmer. I hope the articles and live chart of nse future and mcx on this Website will be as helpful and profitable to you . I try to update and post new articles tips everyday. My motto is to encourage the traders, so that they should able to understand the technique views behind the moment of stocks. I have deeply analyzed with many technical indicator with parameter and added to my amibroker afl. And even taken backtest report which is never being implemented. Any of the analyst expect me. Seeing all this you may understand that my views is more technical than commercial. If you are profited by my views I fill happy.

0 comments:

Dear Friends,
Sorry to say that you are suffered for the chart initially available, now they are restored and you can very well see the chart on money99.org similar to money99.in.
And all of you are intimated that we are going to develop more and more in money99.org to facilitate your dreamy demands.

Latest updates tips : Follow

© Copyright 2015 Money99. Designed by Parag Patil