Maruti Suzuki’s FY12 consolidated net slips by 29%

India's leading car maker Maruti Suzuki India has reported results for the quarter and year ended March 31, 2012.

The Company’s net profit for the fourth quarter of FY12 slipped by 3.03% at Rs 639.84 crore as compared to Rs 659.86 crore for the quarter ended March 31, 2011. Its total income has increased by 18.79% to Rs 12023.86 crore for the quarter under review from Rs 10121.71 crore for the quarter ended March 31, 2011 .

For the full year ended March 31, 2012, the Company’s net profit slipped by 28.55% at Rs 1635.14 crore as compared to Rs 2288.65 crore for the previous fiscal. Its total income has dipped by 1.92% to Rs 36413.95 crore for the year ended March 31, 2012 from Rs 37127.20 crore for the year ended March 31, 2011.

On Consolidated basis, the Group has posted a net profit after taxes, minority interest and share of profit of associates stood at Rs 1680.97 crore for the year ended March 31, 2012 as compared to Rs 2382.36 crore for the year ended March 31, 2011, down by 29.44%. Its total income has decreased by 1.95% from Rs 37670.37 crore for the previous year to Rs 36934.17 crore for the year under review.