India's largest carmaker, Maruti Udyog Ltd on Friday reported an impressive 65 per cent jump in net profit in fourth quarter of 2004-05 to Rs 259.45 crore as compared to Rs 157.15 crore during the year ago period.
The board of directors also recommended a final dividend aggregating Rs 57.78 crore, i.e. Rs 2 per share (nominal value Rs 5 per share) for 2004-05.
Total Income (net of excise) increased by 9.3 per cent to Rs 3,142.10 crore for the quarter ended March 31, 2005, as against Rs 2,874.70 crore in the corresponding quarter in previous fiscal, the company informed Bombay Stock Exchange.
Net profit for 2004-05 grew 57.44 per cent to Rs 853.63 crore compared to Rs 542.18 crore in 2003-04. Total Income grew 19.68 per cent to Rs 11,353.87 crore for 2004-05 from Rs 9,486.62 crore in FY-04.
The consolidated net profit of the company rose 56.9 per cent to Rs 880.14 crore during 2004-05 compared to Rs 560.94 crore in 2003-04. Total Income increased from Rs 9,597.66 crore in FY-04 to Rs 11,498 crore in 2004-05.