Maruti FY07 consol net up 30% at Rs 1,588cr

Car market leader Maruti Udyog (MUL) has posted a 30% growth in consolidated net profit at Rs 1588.26 crore for the year ended March 31, 2007 (FY07) when compared with Rs 1219.12 crore for the year ended March 31, 2006 (FY06).

According to an official release issued by the company to the BSE today, total income is Rs 15489.40 crore for the year ended March 31, 2007 whereas the same was at Rs 12676.60 crore for the year ended March 31, 2006.

On a stand-alone basis, the company has posted a 31.4% jump in net profit at Rs 1562 crore for FY07 when compared with FY06.

The company registered a total income of Rs 15,252.3 crore (net of excise) during FY07, a growth of 22.2% over the previous year.

For the quarter ended March 31, 2007, (Q4FY07), total income (net of excise) was Rs 4634.7 crore, a growth of 36.6% when compared with the same period of the previous year. Net profit for the quarter stood at Rs 448.6 crore, up 24.3% over January-March 2006.

The board of MUL has recommended a dividend of 90% as against 70% in FY06 and approved the results today.