profit-loss account 40

May 13th, 2015
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profit and loss statement describe Current profit of MUL Maruti Udyog Ltd

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Current profit of MUL Maruti Udyog LtdMumbai, Jan 23 : India's largest car maker Maruti Suzuki Saturday reported that net profits during the third quarter ended Dec 31 had tripled to Rs. 687.53 crore, largely due to improved sales.The company, in which Japan's Suzuki Motor Corp has a 54.2 percent stake, saw net profit during the third quarter of 2008-09 drop to Rs. 213.57 crore, due to auto sales being hit in the midst of the economic slowdown.Total income during the third quarter of the current fiscal was Rs. 7,594.1 crore, a rise of 58.09 percent from Rs. 4,803.5 crore in the year-ago period.In the quarter under review, Maruti's domestic sales grew by 37.8 percent to 218,910 units, led by compact cars Alto and WagonR. Sales in the domestic A2 segment grew by 38.6 percent, while in the A3 segment sales rose by 41.7 percent as compared to October-December 2008.The company's exports during the October-December 2009 quarter increased by over 167 percent to 39,116 units. The company had exported 14,634 units in the year-ago period.The car major's income from the servicing business also grew to Rs. Rs. 38.8 crore in the quarter compared to Rs. 24.48 crore earlier.For the nine

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