Maruti Suzuki Q2 net surges 42% to Rs 1,225 crore

Country's largest carmaker Maruti Suzuki India today posted a 42.1% jump in net profit at Rs 1,225.56 crore for the second quarter ended September 30, riding primarily on robust sales, reduction in material cost and favourable foreign exchange.

The company had posted a net profit of Rs 862.54 crore during the same period of the previous fiscal.

Net sales of the company rose by 13.2% to Rs 13,574.8 crore during the second quarter as against Rs 11,996.33 crore during the same period year ago, Maruti Suzuki India said in a statement.

"Higher volumes, material cost reduction initiatives and favourable foreign exchange contributed significantly to bottomline growth during the quarter," the statement added.

The company sold 3,53,335 vehicles during the second quarter, a growth of 9.8%, over 3,21,898 units in the second quarter of 2014-15.

Maruti Suzuki's shares were trading at Rs 4,467.75 in late afternoon trade on BSE, up 1.82% from previous close.