Passenger car major Maruti Suzuki India Ltd. on Tuesday said it has posted a net profit of Rs.1,225.56 crore for the second quarter of FY 2015-16.

In a regulatory filing with the BSE, the company said it posted a net profit of Rs.1,225.56 crore for the quarter ended September 30, 2015 as compared to Rs.862,54 crore for the quarter ended September 30, 2014.

The company's total income during the period under review stood at Rs.14,070.85 crore up from Rs.12,497.03 crore for the quarter ended September 30, 2014.

Maruti Suzuki sold 3,53,335 vehicles during the quarter under review logging a growth of 9.8 percent.

Meanwhile, the company board also decided to amalgamate seven wholly owned subsidiaries involved in the business of insurance intermediation with Maruti Suzuki.

According to the company, the rationale for amalgamation is to economise on administrative and managerial costs; better synergies across the group and optimum utilisation of resources.

Axis Bank results

Private sector Axis Bank on Tuesday said it closed the second quarter of the current fiscal with 19 percent growth in net profit.

In a regulatory filing with BSE, Axis Bank said it had posted a net profit of Rs.1,915.64 crore for the quarter ended September 30, 2015 -- up from Rs.1,610.71 crore posted during the corresponding period of the previous year.

The bank's total income increased to Rs.12,001 crore for the quarter ended September 30, 2015 from Rs.10,549.97 crore for the quarter ended September 30, 2014.

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