The country’s largest carmaker Maruti Suzuki India (MSI) on Tuesday released the fourth quarter results of the last financial year. The consolidated net profit of the company declined by 6.14 percent to Rs 1241.1 crore for the quarter ended March 31. The automobile giant had a net profit of Rs 1,322.3 crore in the same quarter a year ago. The company provided this information during a regulatory filing.
However, revenue from sales of the products stood at Rs 22,959.8 crore. It stood at Rs 17,187.3 crore earlier. In this way, it has increased by 33.58 percent.
The company sold a total of 4,92,235 vehicles in the fourth quarter of the last financial year. This figure is 27.8 percent higher than the year-ago period. The company has sold 4,56,707 units in the domestic market. In this way, it has increased by 26.7 percent. At the same time, 35,528 units have been exported.
The consolidated net profit of the company declined by 22.69 percent to Rs 4,389.1 crore in FY 2020-21. It was Rs 5,677.6 crore in the previous financial year. Also, revenue from the sale of products fell to Rs 66,571.8 crore as compared to Rs 71,704.8 crore in FY 2020.
The company said that in view of the year-end financial performance and uncertain business environment, the company’s board has recommended a dividend of Rs 45 per share (face value of Rs five per share) for FY 2020-21.
