18.5 pc dip in Q4 net profit: Maruti Suzuki India

[sajiv]

18.5 pc dip in Q4 net profit: Maruti Suzuki India

Mumbai: Maruti Suzuki India Ltd, country's largest carmaker announced 18.5 pc dip in its quarterly net profit due to higher raw material costs and inventory
. The carmaker's net profit fell to 2.43 billion rupees ($48.8 million) in the fourth quarter ended Mar from 2.98 billion rupees reported in the same period a year earlier.

Maruti, in which Japan's Suzuki Motor Corp has a 54.2 pc stake, holds about half the Indian car market with models such as the best-selling Alto and recently launched hatchbacks A-Star and sedan Swift DZire.

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