Maruti Suzuki slips after Q3 results

Maruti Suzuki India fell 2.37% to Rs 1,661 at 14:23 IST on BSE after net profit rose 35.88% to Rs 681.15 crore on 3.32% decline in total income to Rs 11010.79 crore in Q3 December 2013 over Q3 December 2012.

The company announced the results during trading hours today, 28 January 2014.

Meanwhile, the BSE Sensex was down 16.08 points, or 0.08%, to 20,691.37.

On BSE, so far 1.53 lakh shares were traded in the counter, compared with an average volume of 80,788 shares in the past one quarter.

The stock hit a high of Rs 1,750.10 and a low of Rs 1,667 so far during the day. The stock hit a 52-week high of Rs 1,864 on 9 January 2014. The stock hit a 52-week low of Rs 1,217 on 28 August 2013.

The stock had underperformed the market over the past one month till 27 January 2014, sliding 4.17% compared with the Sensex's 2.29% fall. The scrip had, however, outperformed the market in past one quarter, rising 12.92% as against Sensex's 0.12% rise.

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

Pursuant to the scheme of amalgamation of Suzuki Powertrain India (SPIL) with Maruti Suzuki India (MSIL) with effect from 1 April 2012, on completion of all formalities on 17 March 2013, the results of SPIL for the year 1 April 2012 to 31 March 2013, were included in the results of MSIL for the quarter ended 31 March 2013. Therefore, the current quarter ended figures are not comparable to previous period, MSIL said in a statement.

Japanese parent Suzuki Motor Corporation holds 56.21% stake in Maruti Suzuki India (as per the shareholding pattern as on 31 December 2013).

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