Friday, April 26, 2019

Maruti Suzuki India's net declines, stock down 2 percent

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 Maruti Suzuki India has reported a 4.6 per cent decline in net profit to Rs 1,795.6 crore for the fourth quarter of the 2018-19 fiscal.

The company had posted a net profit of Rs 1,882 crore in the January-March period of 2017-18.

For the entire 2018-19 fiscal, the company has posted a net profit of Rs 7,500 crore, down 2.9 per cent from the previous fiscal.

The shares of Maruti reacted negatively and ended the day at Rs 6880, down almost 2 percent.

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