Maruti Suzuki Financial Results For FY 2018-19
Maruti Suzuki reported a fall in net profit for the fourth quarter ended March 31, impacted by an industry-wide weak demand due to falling Rupee, Election Season. Net profit in the Quarter stood at Rs 17,956 million, lower by 4.6% compared to the same period the previous year.
The Company’s net sales stood at Rs 830,265 million in FY 2018-19, a growth of 6.3% over the same period the previous year.
The Company sold a total of 1,753,700 units in the domestic market, a growth of 6.1%. This comprised 1,729,826 units in the passenger vehicle segment, a growth of 5.3% and 23,874 units of LCV, a growth of 138% over the previous year
Net profit for the FY 2018-19 stood at Rs 75,006 million, lower by 2.9% compared to the same period the previous year.
Exports stood at 29,616 units. Total sales in the quarter stood at 4,58,479 units, down 0.7 percent.
The Board of Directors has recommended a dividend of Rs 80 per share for FY19.
