Maruti Suzuki Q4 Net up 10 % to Rs 1,882 cr

Country's largest carmaker Maruti Suzuki India today reported 10 per cent rise in net profit at Rs 1,882.1 crore for the March quarter even as tax expenses went up.

The company had posted a net profit of Rs 1,710.5 crore in January-March, 2016-17.

Net sales during the reported quarter rose to Rs 20,594.3 crore, up 14.4 per cent against the year-ago period.

For the full year ended March 31, the company posted its highest ever annual net profit of Rs 7,721.8 crore, up 5.1 per cent from Rs 7,350.2 crore in the previous year.

Net sales in 2017-18 stood at Rs 78,104.8 crore, up 16.7 per cent from 2016-17.

Commenting on the rise in net profit during the year, MSI Chairman RS Bhargava said: "Compared to last year the effective tax rates went up by about 3 per cent. So instead of 26 per cent earlier, it has gone up to 29 per cent."