Maruti Suzuki slips after poor Q4 earnings

Maruti Suzuki India lost 2.66% to Rs 1930 at 13:27 IST on BSE after net profit fell 35.46% to Rs 800.05 crore on 9.03% decline in total income from operations to Rs 12101.39 crore in Q4 March 2014 over Q4 March 2013.

The Q4 result was announced during trading hours today, 25 April 2014.

Meanwhile, the S&P BSE Sensex was down 173.34 points or 0.76% at 22,703.20.

On BSE, so far 82,000 shares were traded in the counter as against average daily volume of 43,000 shares in the past two weeks.

The stock was volatile. The stock lost as much as 3.23% at the day's low of Rs 1,918.55 so far during the day. The stock rose as much as 0.86% at the day's high of Rs 1,999.90 so far during the day.

Maruti Suzuki India's net profit rose 16.34% to Rs 2783.05 crore on 0.25% growth in total income from operations to Rs 43700.63 crore in the year ended 31 March 2014 (FY 2014) over the year ended 31 March 2013 (FY 2013).

On consolidated basis, Maruti Suzuki India's net profit rose 15.53% to Rs 2852.92 crore on 0.33% growth in total income from operations to Rs 44450.58 crore in FY 2014 over FY 2013.

Japanese parent Suzuki Motor Corporation holds 56.21% stake in Maruti Suzuki India (as per the shareholding pattern as on 31 March 2014).

Powered by Capital Market - Live News