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Mumbai8 hours ago
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- The total sales in January-March 2021 has been Rs 22,958 crore.
- It had sold a total of 4 lakh 92 thousand 235 vehicles.
Maruti Suzuki, the country’s largest car maker, reported a net profit of Rs 1,166 crore in the fourth quarter. It has gained 9.7% less than the same time a year ago. This decrease occurred because his non-operating income has decreased. The company has paid a dividend of Rs 45 on every share to investors.
Dividend means giving investors some share of the earnings
The company released its result on Tuesday. Dividend refers to giving some money to investors from their earnings. The 45 rupees dividend announced by the company will come directly into the account of the investors. The company said that its total sales in January-March 2021 (fourth quarter) was Rs 22,958 crore. This is 33.6% higher than in 2020. The reason for the decrease in sales in 2020 was due to the Kovid-19, which at that time had a lockdown in March.
4.92 lakh vehicles sold in the quarter
It had sold a total of 4 lakh 92 thousand 235 vehicles in the January-March 2021 quarter. This is 27.8% higher than the same period a year ago. It has sold 4.56 lakh vehicles in the domestic market. It has gained 26.7%. During this time it exported 35,528 vehicles, that is, sold to countries outside India. It has seen an increase of 44.4%.
The company said that its operating performance had improved. At the same time, capacity utilization has also improved. He reduced promotion expenses and increased sales prices. He also focused on reducing costs.
14.58 lakh vehicles sold in a year
Talking about the entire financial year, it sold 14.58 lakh vehicles. This is 6.7% lower than a year ago. Whereas it is 21.7% less as compared to 2018-19. The impact of Kovid-19 was directly seen on the company’s sales during 2020-21. This was due to the lockdown caused by Kovid and the economic condition of the people was not correct. It has sold 13.61 lakh vehicles in the domestic market in 2020-21, while in the foreign countries it has sold 96 thousand 139 vehicles. Exports declined by 5.9%.
66,562 crores income in a year
It sold vehicles worth a total of Rs 66,562 crore during the year. This is a decline of 7.2% compared to a year ago. Its net profit for the entire year has been Rs 4,229 crore. It has declined by 25.1% compared to a year ago. This is because commodity prices were high and sales were also low. At the same time there were fluctuations in foreign currency.