Share price of Maruti Suzuki India fall in spite of 10 pc rise in net profit
India’s largest automaker Maruti Suzuki (India) Limited today (Friday) announced the Quarter 4 financial results for the period Jan-Mar 2018 and April-March 2017-18.
The net profit stood at Rs. 18,821 million, which is up by 10% compared to the corresponding period last year.
The company sold a total of 4,61,773 vehicles during the quarter, which indicated a growth of 11.4% over the same period of the previous year.
Sales in the domestic market figured at 4,27,082 units, a growth of 11.6% while exports were at 34,691 units. During the quarter the company registered net sales of Rs. 205,943 million, up 14.4% over the same period previous year.
The Board of Maruti Suzuki India Limited recommended a dividend of Rs 80.00 per equity share for the face value of Rs. 5.00 each.
On Friday’s closing, stock of Maruti Suzuki India Limited ended down by 1.90% at Rs. 8777.95 on the exchange. The stock opened at Rs. 9,013 per share and touched an intra-day high of Rs. 9,142 and a low of Rs. 8,721.10, on the BSE.