Maruti Suzuki's operating income rose 7.8% year-over-year in fiscal year 2019, but operating profit fell 8.7% and margins declined. Net profit declined 2.9% due to higher depreciation and lower net profit margins, which fell from 9.6% to 8.6%. For fiscal year 2019, Maruti Suzuki's total assets grew 6% to Rs. 640 billion while current liabilities decreased 8.3% and long-term debt increased 35% compared to the previous fiscal year.
Maruti Suzuki's operating income rose 7.8% year-over-year in fiscal year 2019, but operating profit fell 8.7% and margins declined. Net profit declined 2.9% due to higher depreciation and lower net profit margins, which fell from 9.6% to 8.6%. For fiscal year 2019, Maruti Suzuki's total assets grew 6% to Rs. 640 billion while current liabilities decreased 8.3% and long-term debt increased 35% compared to the previous fiscal year.
Maruti Suzuki's operating income rose 7.8% year-over-year in fiscal year 2019, but operating profit fell 8.7% and margins declined. Net profit declined 2.9% due to higher depreciation and lower net profit margins, which fell from 9.6% to 8.6%. For fiscal year 2019, Maruti Suzuki's total assets grew 6% to Rs. 640 billion while current liabilities decreased 8.3% and long-term debt increased 35% compared to the previous fiscal year.
Operating income during the year rose 7.8% on a year-on-year (YoY) basis. The company's operating profit decreased by 8.7% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 13.0% in FY19 as against 15.3% in FY18. Depreciation charges increased by 9.5% and finance costs decreased by 78.1% YoY, respectively. Other income grew by 25.2% YoY. Net profit for the year declined by 2.9% YoY. Net profit margins during the year declined from 9.6% in FY18 to 8.6% in FY19.
MARUTI SUZUKI Balance Sheet Analysis
The company's current liabilities during FY19 down at Rs 142 billion as compared to Rs 154 billion in FY18, thereby witnessing an decrease of -8.3%. Long-term debt stood at Rs 1 billion as compared to Rs 1 billion during FY18, a growth of 35.0%. Current assets rose 56% and stood at Rs 124 billion, while fixed assets rose 10% and stood at Rs 170 billion in FY19. Overall, the total assets and liabilities for FY19 stood at Rs 640 billion as against Rs 602 billion during FY18, thereby witnessing a growth of 6%.