Maruti Suzuki Q4 net profit dips 35 percent
Auto major, Maruti Suzuki India has reported a drop of 35.46 percent in its net profit at Rs 800 crore for the quarter ended March 31, 2014, against Rs 1239 crore for the same period of the previous year .
The company posted a drop of 9.48 percent in its net sales of Rs 11,818 crore during quarter ended March 31, 2014, as compared with net sale of Rs 13,056 crore for the quarter ended March 31, 2013.
The company sold a total of 3.25 lakh units of vehicles during the period as against 3.43 lakh units during the corresponding quarter last year.
The board of directors has recommended a dividend of 240 per cent Rs 12 per share of face value of Rs 5) for year ended March 31, 2014 2013-14, the company said in its release.
(Posted on 26-04-2014)