Even as FY 2015-16 ended on a good note for Maruti Suzuki, with the auto maker registering 16% rise in sales and $4 of sales, it has now reported that the net profit saw a 12% YOY fall, standing at Rs 1,130 crore for the March quarter.
For the same period last year, it had reported a net profit of Rs 1,284.
$4 has seen a fall in net profit for the first time in two years, possibly because of higher expenses and production loss that happened because of a civil unrest near its factory.
In net sales, it had $4, upping it to Rs 15,300 crore, in comparison to Rs 13,273 crore in the corresponding quarter last year.
The company has now declared a dividend of Rs 35 per share, with the stock jumping 3% as an instant reaction to the net profit results.
Image source>$4
