NEW DELHI: The country's greatest automobile maker Maruti Suzuki India (MSI) on Thursday reported a 4.6 per cent decline in net benefit to Rs 1,795.6 crore for the fourth quarter of the 2018-19 fiscal.
The corporate had posted a net benefit of Rs 1,882.1 crore within the January-March period of 2017-18, MSI said in a observation.
Net sales all over the quarter rose to Rs 20,737.five crore, up marginally over the year-ago period.
Total automobile sales dips marginally to 4,58,479 devices all over the quarter underneath evaluation, the corporate said.
For the entire 2018-19 fiscal, MSI posted a net benefit of Rs 7,500.6 crore, down 2.nine per cent from the former fiscal.
Net sales final fiscal stood at Rs 83,026.five crore, a upward push of 6.three per cent from 2017-18.
Total volume sales all over 2018-19 have been up 4.7 per cent to 18,62,449 devices. Of this, 1,08,749 devices have been exported, the corporate said.
The corporate said that the quarter used to be marked by antagonistic foreign currency echange charges and commodity costs, upper depreciation and better sales promotion expenses. It used to be in part offset by cost reduction efforts.
The board of administrators of the corporate has also recommended a dividend of Rs 80 per percentage for 2018-19.
MSI shares have been trading zero.04 per cent decrease at Rs 7,021.50 apiece on the BSE.
The corporate had posted a net benefit of Rs 1,882.1 crore within the January-March period of 2017-18, MSI said in a observation.
Net sales all over the quarter rose to Rs 20,737.five crore, up marginally over the year-ago period.
Total automobile sales dips marginally to 4,58,479 devices all over the quarter underneath evaluation, the corporate said.
For the entire 2018-19 fiscal, MSI posted a net benefit of Rs 7,500.6 crore, down 2.nine per cent from the former fiscal.
Net sales final fiscal stood at Rs 83,026.five crore, a upward push of 6.three per cent from 2017-18.
Total volume sales all over 2018-19 have been up 4.7 per cent to 18,62,449 devices. Of this, 1,08,749 devices have been exported, the corporate said.
The corporate said that the quarter used to be marked by antagonistic foreign currency echange charges and commodity costs, upper depreciation and better sales promotion expenses. It used to be in part offset by cost reduction efforts.
The board of administrators of the corporate has also recommended a dividend of Rs 80 per percentage for 2018-19.
MSI shares have been trading zero.04 per cent decrease at Rs 7,021.50 apiece on the BSE.
Maruti Suzuki Q4 net profit dips 4.6% to Rs 1,795.6 crore
![Maruti Suzuki Q4 net profit dips 4.6% to Rs 1,795.6 crore]()
Reviewed by Kailash
on
April 25, 2019
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