1. Maruti Suzuki shares gain after August car sales figures

Maruti Suzuki shares gain after August car sales figures

Maruti Suzuki India shares were trading higher in the noon trade on Thursday after the carmaker registered a rise of 12.2 per cent in its total car sales for the month of August 2016 at 1,32,211 units, as against 1,17,864 units in August 2015.

By: | New Delhi | Updated: September 1, 2016 4:23 PM
Maruti Suzuki shares Maruti Suzuki India shares were trading higher in the noon trade on Thursday after the carmaker registered a rise of 12.2 per cent in its total car sales for the month of August 2016 at 1,32,211 units, as against 1,17,864 units in August 2015.

Maruti Suzuki India shares were trading higher in the noon trade on Thursday after the carmaker registered a rise of 12.2 per cent in its total car sales for the month of August 2016 at 1,32,211 units, as against 1,17,864 units in August 2015. The company’s domestic sales rose by 12.3 per cent in August 2016 at 1,19,931 units, as against 1,06,781 units in the same month last year.

At 12.10 pm, shares of Maruti Suzuki were trading 0.41 per cent up at Rs 5073.45. The scrip opened the day at Rs 5061.15 and has touched a high and low of Rs 5095 and Rs 5022.65, respectively, in trade. Later, the scrip settled 0.11 per cent up at Rs 5058.25.

Sales of passenger cars stood at 90269 units in August 2016 against 86454 units in the same month last year. The company’s sales of vans have advanced by 2.7 per cent to 12,831 units in August 2016 as against 12,491 units in August 2015. Further, the company’s sales of its utility vehicles soared 114.5 per cent to 16,806 units from 7,836 units in August 2015. Export figures of the company jumped by 10.80 per cent year-on-year to 12280 units in August 2016 from 11083 units in August 2015.

For the quarter ended June 30, 2016, the company reported a net profit of Rs 1486.20 crore, up 23.02 per cent, against Rs 1208.10 crore in the same quarter last year. Operating profit of the company jumped by 13.70 per cent year-on-year to Rs 2699 crore for the quarter under review against Rs 2373.80 crore in the same quarter last year.

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