Maruti Q1 net up 32% at Rs 226.46 cr

Maruti Udyog on Monday reported a 32 per cent increase in net profit at Rs 226.46 crore (Rs 2.26 billion) for the first quarter ended June 30, 2005 as against Rs 170.92 crore (Rs 1.70 billion) in Q1 FY05.

According to a release issued by the company to the Bombay Stock Exchange, the total income increased to Rs 2,725.37 crore (Rs 27.25 billion) in Q1 FY06 from Rs 2,568.22 crore (Rs 25.68 billion) in Q1 FY05.

The company redeemed Rs 200 crore (Rs 2 billion), 11.2 per cent non-convertible debentures - series I (redeemable at par) on July 25, 2005, the release added.