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Maruti's Q3 net soars 183.3%
January 23, 2004 20:28 IST
India's biggest carmaker Maruti Udyog said on Friday that its net profit has soared by 183.3 per cent during the quarter ended December 31, 2003.
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The net profit grew to Rs 140.75 crore (Rs 1.41 billion) from Rs 49.68 crore (Rs 496.8 million) a year ago, the company informed the Bombay Stock Exchange.
Sales turnover went up by 27.2 per cent during the October-December quarter Rs 2,377.5 crore (Rs 23.77 billion) from Rs 1,868.94 crore (Rs 18.69 billion) a year earlier. Maruti, which is 54.2 per cent owned by Japan's Suzuki Motor Corporation, manufactures 10 passenger vehicle models at a plant outside Delhi.