Maruti Suzuki India gains after reporting robust Q1 results

Maruti Suzuki India rose 0.25% to Rs 4,186.75 at 14:00 IST on BSE after net profit rose 56.49% to Rs 1192.92 crore on 16.55% rise in total income to Rs 13596.96 crore in Q1 June 2015 over Q1 June 2014.

The result was announced during market hours today, 28 July 2015.

Meanwhile, the S&P BSE Sensex was down 107.20 points or 0.44% at 27,439.77.

On BSE, so far 1.41 lakh shares were traded in the counter as against average daily volume of 36,192 shares in the past one quarter.

The stock hit a high of Rs 4,243.90 and a low of Rs 4,152.50 so far during the day. The stock had hit a record high of Rs 4,268 on 27 July 2015. The stock had hit a 52-week low of Rs 2,485 on 30 July 2014.

The stock had outperformed the market over the past one month till 27 July 2015, gaining 2.53% compared with Sensex's 0.9% decline. The scrip had also outperformed the market in past one quarter, rising 14.52% as against Sensex's 1.41% gain.

The large-cap car manufacturer has equity capital of Rs 151.04 crore. Face value per share is Rs 5.

Maruti Suzuki India's total sales rose 13.8% to 3.41 lakh vehicles in Q1 June 2015 over Q1 June 2014. Domestic sales rose 13% at 3.05 lakh units in Q1 June 2015 over Q1 June 2014. Exports rose 21.8% to 35,635 units in Q1 June 2015 over Q1 June 2014.

During the quarter, higher volumes, cost reduction efforts, lower sales promotion expenses, and favourable foreign exchange helped improve the company's performance.

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