Maruti has reported a 21 percent increase in net profit at Rs 762 crore in April-June quarter of current financial year led by volume growth and higher other income.
The company's cost reduction and localisation initiatives, growth in volumes and favourable foreign exchange helped improve the bottomline during the quarter.
Revenue grew by 11 percent to Rs 11,369 crore in the quarter ended June 2014 compared to Rs 10,237 crore in corresponding quarter of last fiscal supported by sales volumes growth of 12.6 percent.
However the stock lost Rs 30, after the results were announced.
The company's cost reduction and localisation initiatives, growth in volumes and favourable foreign exchange helped improve the bottomline during the quarter.
Revenue grew by 11 percent to Rs 11,369 crore in the quarter ended June 2014 compared to Rs 10,237 crore in corresponding quarter of last fiscal supported by sales volumes growth of 12.6 percent.
However the stock lost Rs 30, after the results were announced.