Maruti Udyog + JSW Steel Strong Sales

Maruti Udyog said it sold 65,958 vehicles in August 2007, up 27% from 51,855 vehicles sold in the same month last year. The company sold 60,229 units in the domestic market, up 25% percent from 48,259 units a year earlier. Maruti’s exported 5,739 units, up from 3,596 units last year.

Maruti Udyog’s net profit rose 35.2% to Rs 499.60 crore on an 25.8% rise in sales to Rs 3930.82 crore in Q1 June 2007 over Q1 June 2006

JSW Steel announced that the company has posted the highest ever crude steel production with 32% growth in August 2007. The company has created a new milestone with the highest production record in the month in all product categories except galvanized product.

The company has also shown 21% growth in volumes sequentially in crude steel, 11% growth in hot rolled (HR) Coils and 19% growth in HR plate products in August 2007 over July 2007.

JSW’s net profit rose 151.2% to Rs 427.78 crore on a 37.2% increase in sales to Rs 2190.72 in Q1 June 2007 over Q1 June 2006.