The company had posted a net profit of Rs 800.05 crore in the same period last fiscal year, Maruti Suzuki India said in a statement.

"Higher volumes, material cost reduction initiatives, favourable foreign exchange and lower sales promotion expenses contributed to the bottom-line during the quarter," the company said in a statement.

Net sales during the quarter stood at Rs 13,272.6 crore, up 12.3 percent against Rs 11,818.13 crore in the same period last fiscal.
Sales in the quarter were up 6.7 percent at 346,712 units, the company said adding that the exports were at 29,542 units, a growth of 12.4 percent.

For the full fiscal ended March 31, the company posted a net profit of Rs 3,711.2 crore against Rs 2,783.05 crore in previous fiscal.

Net sales of the company for the fiscal stood at Rs 48,605.53 crore, up 13.97 percent from 42,644.76 crore last year.

Volume sales in the fiscal were up 11.9 percent at 12,92,415 units. Of this, exports were at 121,713 units, a gain of 20.1 percent, the company said.

The company said its Board of Directors recommended a dividend of 500 percent, Rs 25 per share of face value Rs 5 for 2014-15. The dividend in 2013-14 was at 240 percent, (Rs 12 per share of face value Rs 5.

Shares of Maruti Suzuki India were trading 1.95 percent up at Rs 3,608.70 per scrip during afternoon session on the BSE.

Latest News  from Business News Desk