The profits of Pak Suzuki have gone down by 30.8% to Rs 904.14 million in the quarter that ended on March 31st, 2018. Last year, in the same quarter the profit of Paki Suzuki were Rs 1.30 billion.

Per-share earnings have dropped from Rs 15.88 to Rs 10.99 in the same period.

The net sales of Pak Suzuki went up to Rs 31.51 billion from Rs 23.89 billion in last year, same period. Net sales have gone up by 31.9%. The reason Pak Suzuki is still showing healthy momentum is because its volumes have grown on year to year basis by 19.08% and the prices of its cars have increased in Q1 2018.

Twice in 2018, Suzuki has increased its car prices. The company increased prices back in January 2018 and then in April again. The reason given was the devaluation of rupee against the dollar.

Read more: Pak Suzuki increase its car prices

Increase in earnings is because of a rise in sales volume. Earnings wents up by 24% on a quarter on quarter basis. This accounted for 4% growth in sales volume & 50bps QoQ increase in gross margins.

Let us look at the difference in the sales of different Suzuki Car in Q1, 2018 and Q1 2017.

Suzuki Swift

  • Q1 2018: 1452
  • Q1 2017: 1168
  • Difference: 24.32%

Suzuki Cultus

  • Q1 2018: 6123
  • Q1 2017: 4802
  • Difference: 27.51%

Suzuki Wagon R

  • Q1 2018: 6630
  • Q1 2017: 5030
  • Difference: 31.81%

Suzuki Mehran

  • Q1 2018: 12583
  • Q1 2017: 10869
  • Difference: 15.77%
Also read: Pak Suzuki profits rise by 38%

Suzuki Bolan

  • Q1 2018: 5779
  • Q1 2017:  5325
  • Difference: 8.53%

Suzuki Ravi

  • Q1 2018: 5739
  • Q1 2017: 5094
  • Difference: 12.66%

Suzuki Two Wheeler

  • Q1 2018: 5529
  • Q1 2017: 4524
  • Difference: 22.21%

Total Sales

  • Q1 2018: 43835
  • Q1 2017: 36812
  • Difference: 19.08%