Maruti's Q4 net dips by 18%

The country's largest car maker, Maruti Suzuki India, today reported 18.33 per cent decline in its net profit after tax for the quarter ended March 31, 2009, at Rs 243.13 crore as against Rs 297.68 crore in the same period previous year.   

The net sales, however, increased by 32.45 per cent at Rs 6,308.35 crore in the fourth quarter of the last fiscal compared to Rs 4,762.91 crore in the corresponding period of 2007-08, Maruti Suzuki India (MSI) said in a statement.    

For 2008-09 financial year, MSI's audited consolidated net profit plunged by 31.42 per cent to Rs 1,227.45 crore as against Rs 1,789.87 crore in 2007-08.   

The audited consolidated net sales of FY'09, however, rose by 14.09 per cent at Rs 20,557.94 crore, while the same stood at Rs 18,020.83 crore in FY'08, MSI said.