Maruti Suzuki slips in volatile trade after announcing Q1 results

Maruti Suzuki India shed 0.85% to Rs 1,403.85 at 14:57 IST on BSE in volatile trade after reporting 49.05% rise in net profit to Rs 631.61 crore on 4.12% fall in total income to Rs 10441.64 crore in Q1 June 2013 over Q1 June 2012.

Meanwhile, the S&P BSE Sensex was down 219.20 points or 1.09% at 19,871.48.

On BSE, 1.99 lakh shares were traded in the counter as against average daily volume of 75,910 shares in the past one quarter.

The stock was volatile. The stock rose as much as 2.55% at the day's high of Rs 1,452. The stock fell as much as 0.96% at the day's low of Rs 1,402.30. The stock had hit a 52-week low of Rs 1,082.30 on 30 July 2012. The stock had hit a record high of Rs 1,773.45 on 20 May 2013.

The stock had underperformed the market over the past one month till 24 July 2013, falling 8.31% compared with the Sensex's 8.36% gain. The scrip had also underperformed the market in past one quarter, sliding 7.82% as against Sensex's rise of 4.75%.

India's largest car maker by sales has equity capital of Rs 151.04 crore. Face value per share is Rs 5.

Maruti Suzuki India said that pursuant to the scheme of amalgamation of Suzuki Powertrain India (SPIL) with the company with effect from 1 April 2012 on completion of all the 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 the company for the Q1 March 2013. Therefore, the current quarter figures are not comparable to previous periods, the company said.

Japanese parent Suzuki Motor Corporation holds 56.21% stake in Maruti Suzuki India (as per the shareholding pattern as on 30 June 2013).

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