Maruti Q1 net surges 56% to Rs 1,193 cr

Tribune News Service/PTI

New Delhi, July 28

Maruti Suzuki India today posted 56.49% increase in its standalone net profit at Rs 1,192.92 crore in the first quarter riding on high volumes, favourable foreign exchange and cost reduction efforts.

The company had posted a standalone net profit of Rs 762.28 crore in the same quarter last fiscal.

Net sales during the period under review stood at Rs 13,078.32 crore as against Rs 11,073.51 crore, up 18.1%.

Total unit sales during the quarter stood at 3,41,329 units as against 2,99,894 units in the year-ago period, up 13.81%.

Domestic sales during the first quarter were at 3,05,694 units as against 2,70,643 units in the same period last fiscal, up 12.95 per cent.

SpiceJet posts Rs 72-cr quarterly profit

SpiceJet on Tuesday posted its second straight quarterly profit at Rs 71.8 crore in the three months ended June, helped by a steep 42% reduction in costs and higher seat occupancy.

The Gurgaon-based airline, which was on the verge of closure late last year, had posted a net loss of Rs 124.1 crore in the 2014 April-June quarter.

However, SpiceJet's sales from operations declined by 34% to Rs 1,106.3 crore in the first quarter of current fiscal.

HDFC registers Q1 net profit of Rs 2,204 cr

HDFC Ltd on Tuesday said its consolidated net profit during the first quarter ended June, 2015-16, stood at Rs 2,204.29 crore.

The company said the results were not comparable on account of certain dividend payments from HDFC Bank.

In the current year, dividend of Rs 314.57 crore from HDFC Bank has been received in July 2015. This income will consequently be accounted for in the second quarter, ending September 2015, it said.

Total consolidated income of HDFC Ltd rose to Rs 11,440.62 crore for the quarter ended June 30, 2015 whereas the same was at Rs 10,056.07 crore for the quarter ended June 30, 2014.