Precious metals add marginal gains

The announcement was made on Saturday, 1 December 2012.

Meanwhile, the BSE Sensex was almost flat at 19,340.14.

On BSE, 2,318 shares were traded in the counter as against an average daily volume of 74,023 shares in the past one quarter.

The stock hit a high of Rs 1,490.05 and a low of Rs 1,480 so far during the day. The stock had hit a 52-week high of Rs 1,514.95 on 22 November 2012. The stock had hit a 52-week low of Rs 905.55 on 19 December 2011.

The stock had outperformed the market over the past one month till 30 November 2012, rising 5.66% compared with the Sensex's 4.93% rise. The scrip had also outperformed the market in past one quarter, rising 28.85% as against Sensex's 10.25% rise.

India's largest car maker by sales has an equity capital of Rs 144.46 crore. Face value per share is Rs 5.

Maruti Suzuki India said its total domestic sales rose 9.7% to 90,882 units in November 2012 over November 2011. Total export sales jumped 38.4% to 12,318 units in November 2012 over November 2011.

Maruti Suzuki India's net profit declined 5.4% to Rs 227.50 crore on 8.5% growth in net sales to Rs 8070.10 crore in Q2 September 2012 over Q2 September 2011.

The company said the year-on-year decline in net profit was due to lower non-operating income. The growth in net sales was on account of sales of new model 'Ertiga' and enhanced export realizations.

While earnings before interest, depreciation, taxation and amortization (EBITDA) rose 15.4% year-on-year, a 30.4% surge in depreciation resulted in fall in bottom line, Maruti Suzuki India said in a statement. Maruti said it enhanced sales promotion measures for petrol driven cars in Q2 September 2012 in a bid to counter subdued demand for petrol driven cars in India, which adversely impacted profitability.

Maruti said it continues to focus on component localisation and reduction in cost and overheads. The company said that it had a customer wait list of nearly 1.25 lakh units for its diesel vehicles.

Japanese parent Suzuki Motor Corporation holds 54.21% stake in Maruti Suzuki India.

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