18.5 pc dip in Q4 net profit: Maruti Suzuki India

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Maruti
Mumbai, Apr 24: Maruti Suzuki India Ltd, country's largest carmaker announced 18.5 pc dip in its quarterly net profit due to higher raw material costs and inventory. The carmaker's net profit fell to 2.43 billion rupees ($48.8 million) in the fourth quarter ended Mar from 2.98 billion rupees reported in the same period a year earlier.

Maruti, in which Japan's Suzuki Motor Corp has a 54.2 pc stake, holds about half the Indian car market with models such as the best-selling Alto and recently launched hatchbacks A-Star and sedan Swift DZire.

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