Maruti Suzuki Q4 net profit dips 11.7 percent to Rs 1,133.6 crore

New Delhi: Country's largest carmaker Maruti Suzuki today reported 11.7 per cent decline in net profit to Rs 1,133.6 crore for the fourth quarter ended March 31, hit by Jat reservation agitation in Haryana and higher advertising expenses.



The company had posted a net profit of Rs 1,284.2 crore in the same period of the previous financial year, Maruti Suzuki India said in a statement.

"Loss of over 10,000 units due to reservation agitation, increased advertising expenses and lower other income slightly
impacted profits during the quarter," MSI said.

Net sales during the January-March quarter of 2015-16 rose however to Rs 14,929.5 crore, up 12.5 per cent against Rs 13,272.5 crore in the same period of 2014-15.

Car sales in the quarter were up 3.9 per cent at 3,60,402 units, the company said, adding that the exports were at 27,009 units.

For the full fiscal ended March 31, MSI posted net profit of Rs 4,571.4 crore, up 23.2 per cent from Rs 3,711.2 crore in the previous fiscal.

Net sales of the company for the fiscal stood at Rs 56,350.4 crore, up 15.9 per cent from 48,605.5 crore last year.

Volume sales in the fiscal were up 10.6 per cent at 1,429,248 units. Of this, exports were at 1,23,897 units, the company said.

The company said its Board of Directors has recommended a dividend of 700 per cent per cent, Rs 35 per share of face value Rs 5 for 2015-16. The dividend in 2014-15 was at 500 per cent.

MSI stock was trading 2.92 per cent up at Rs 3,843.50 during the afternoon session on BSE.

Updated Date: Apr 26, 2016 14:08 PM

Also Watch

IPL 2018: Royal Challengers Bangalore eye revival against Chennai Super Kings as 'Cauvery Derby' comes back to life
  • Thursday, April 26, 2018 In the Kanjarbhat community, a campaign against 'virginity tests' is slowly gaining ground
  • Tuesday, April 24, 2018 It's A Wrap: Beyond the Clouds stars Ishaan Khatter, Malavika Mohanan in conversation with Parul Sharma
  • Monday, April 9, 2018 48 hours with Huawei P20 Pro: Triple camera offering is set to redefine smartphone imaging
  • Monday, April 16, 2018 Rajyavardhan Singh Rathore interview: Sports can't be anyone's fiefdom, we need an ecosystem to nurture raw talent

Also See