Maruti Suzuki India

Maruti Suzuki India has declared its first quarter results. The company's Q1 net profit was down 6.8% at Rs 465 crore versus Rs 499 crore. Its net sales were up 20.4% at Rs 4730 crore versus Rs 3930 crore. Its other income was at Rs 328 crore versus Rs 223 crore. Its OPM was at 9.75% versus 14.62% YoY. Its forex loss of Rs 13.9 crore; Hedging Loss reserve of Rs 134.58 crore. Its depreciation was at Rs 166 crore versus Rs 82.2 crore Year Ago. Its raw material costs was up at Rs 328 crore versus Rs 223 crore.