Maruti Suzuki India on Saturday reported over three-fold jump in its net profit at Rs 687.53 crore for the third quarter ended December 31, 2009.
The company posted net sales of Rs 7,333.77 crore for the December quarter, up 62.51 per cent from Rs 4,512.64 crore in the same period previous fiscal, Maruti Suzuki said in a filing to the Bombay Stock Exchange.
The company will also invest Rs 1,700 crore to expand its capacity by 2.5 lakh units annually. “In the October-December quarter, favourable conditions in the domestic markets supported by the Government’s stimulus package and ease of automobile finance h elped (the company) achieve good sales,” it said.
The company sold 2.58 lakh units in Q3, up 48.72 per cent from 1.73 lakh units it sold in the same quarter ended December 2008. During the quarter, exports led by the A-star continued to be strong.
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