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Maruti + MRF Results

July 27, 2007

Maruti Udyog’s net profit rose 35.1% to Rs 499.60 crore in Q1 June 2007 over Q1 June 2006. Net sales rose 25.7% to Rs 3930.82 crore in Q1 June 2007 over Q1 June 2006. Both top line and bottom line exceeded market expectations. Recall Analysts were skeptical and negative about the performance of Auto companies.

MRF’s net profit rose 420% to Rs 42.5 crore in Q3 June 2007 over Q3 June 2006. Sales moved up 13.93% to Rs 1,133.43 crore in Q3 June 2007 over Q3 June 2007. MRF has declared interim dividend at the rate of Rs 3 per share.

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