Sunday, April 29, 2018

Maruti Suzuki grows at 10 percent in March quarter

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Maruti Suzuki has reported a 10 per cent rise in net profit at Rs 1,882 crore for the March quarter even as tax expenses went up.

The company had posted a net profit of Rs 1,711 crore in January-March, 2016-17.

Net sales during the quarter rose to Rs 20,594 crore, up 14 per cent against the year-ago period. For the full year ended March 31, the company posted its highest ever annual net profit of Rs 7,722 crore, up 5 per cent from Rs 7,350 crore in the previous year.

Net sales in 2017-18 stood at Rs 78,104.8 crore, up 17 per cent from 2016-17. Its market share has gone up by 2.7 per cent to 50 per cent in the passenger vehicle segment.

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