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Maruti Suzuki posts record Rs 77 bn profit in FY18 on 17% hike in revenue

Q4 net up 10% to Rs 18.8 bn, but lower than Street estimates

Maruti Suzuki Q4

Ajay Modi  |  New Delhi 

Maruti Suzuki India Chairman R C Bhargava (left) with CEO Kenichi Ayukawa in New Delhi on Friday 	photo: pti
Maruti Suzuki India Chairman R C Bhargava (left) with CEO Kenichi Ayukawa in New Delhi on Friday | Photo: PTI

The country’s top carmaker, Maruti Suzuki, on Friday reported 10 per cent growth in profit for the quarter ended March 31, 2018. Net profit for the three months stood at Rs 18.8 billion, lower than analysts’ expectations of over Rs 22 billion. The company said an increase in corporate tax rates affected profitability.



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First Published: Sat, April 28 2018. 00:23 IST