The company plans to invest Rs 4,000 crore this fiscal on capital expenditure
The country's largest car maker Maruti Suzuki India on Monday reported its highest ever annual profit of Rs 3,711.2 crore in the fiscal year ended March 31, 2015.
New Delhi: Driven by record sales, the country’s largest car maker Maruti Suzuki India on Monday reported its highest ever annual profit of Rs 3,711.2 crore in the fiscal year ended March 31, 2015. The company, which had posted an annual net profit of Rs 2,783.05 crore in 2013-14, — its previous best— said it expected 10-11 per cent growth in volume terms in the ongoing fiscal.
Net sales in FY 2015 also stood at a record high of Rs 48,605.53 crore, up 13.97 per cent from Rs 42,644.76 crore in the 2013-14. The company also recorded its highest ever volume sales in a fiscal at 12,92,415 units, up 11.9 per cent from the previous fiscal. Of this, exports were at 121,713 units, a gain of 20.1 per cent, the company said. The company plans to invest Rs 4,000 crore this fiscal on capital expenditure in order to enhance its leadership position in the market.
( Source : PTI )
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