Other income grew 46% to Rs 867.7 crore and interest cost fell 68% to Rs 8.80 crore. As depreciation grew 15% to Rs 810.20 crore, PBT fell 12% to Rs 2312.10 crore. Provision for tax fell 31% to Rs 516.50 crore after which PAT fell 5% to Rs 1795.60 crore.
FY 2019 results
In FY 2019, it registered 5% rise in sales to Rs 86020.30 crore. OPM fell 190 basis points to 12.8% which saw OP fall 9% to Rs 10999.30 crore.
Other income grew 25% to Rs 2561.00 crore and interest cost fell 78% to Rs 75.80 crore. After providing for depreciation (up 9% to Rs 3018.90 crore), PBT fell 5% to Rs 10465.60 crore. Provision for fell 10% to Rs 2965.00 crore after which PAT went down 3% to Rs 7500.60 crore.
Vehicle sales
In Q4 the company sold a total of 428,863 units in the domestic market, a growth of 0.4%. This comprised 421,383 units in the passenger vehicle segment, a decline of 0.4% and 7,480 units of LCV, a growth of 83.6% over previous year. Exports were at 29,616 units.
Total Sales in the quarter stood at 458,479 vehicles, a decline of 0.7%.
In FY 2019 the company sold a total of 1,753,700 units in the domestic market, a growth of 6.1%. This comprised 1,729,826 units in the passenger vehicle segment, a growth of 5.3% and 23,874 units of LCV, a growth of 138% over previous year. Exports were at 108,749 units.
Total Sales in the year stood at 1,862,449 vehicles, a growth of 4.7%.
Valuation
The stock trades at Rs 6902.
Maruti Suzuki: Results
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