Maruti Suzuki India Ltd

Research report by 'Ventura Securities Ltd'
     
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Maruti Suzuki India, the country’s largest passenger car manufacturer, reported total income of Rs 8,231.5 crore against Rs 6,493.0 crore, a growth of 26.8%, whereas it reported 20.3 per cent drop in net profit for the first quarter ended June 30, at Rs 465.4 crore cempared with Rs 583.5 crore in the corresponding quarter of 2009-10. The drop in profits was primarily due to higher royalty fees, increased commodity costs and drop in other income This is despite the fact that there was a 25 percent incease in quarterly sales, at 283,324 units vis-a-vis 226,779 units in the April-June quarter of 2010.


   
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