<p align="justify">Country's largest carmaker Maruti Suzuki India today reported 15.8 per cent rise in net profit to Rs 1,709 crore for the fourth quarter of last fiscal ended March 31.<br /><br />The company had posted net profit of Rs 1,476.2 crore in the January-March period of previous fiscal, 2015-16, MSI said in a statement.<br /><br />"Growth in volumes, increase in share of the company's higher segment models, benefits due to full capacity utilisation and cost reduction efforts contributed to increase in profits," MSI said.<br /><br />Net sales during the fourth quarter of 2016-17 rose to Rs 18,005.2 crore, up 20.3 per cent against the year-ago period.<br /><br />Car sales were up 15 per cent to 4,14,439 units, the company said, adding that the exports were at 31,771 units.<br /><br />For entire 2016-17, MSI posted net profit of Rs 7,337.7 crore, up 36.8 per cent, from Rs 7,511 crore in the previous fiscal.<br /><br />Net sales last fiscal stood at Rs 66,909.4 crore, up 18.5 per cent from 2015-16. Volume sales during 2016-17 were up 9.8 per cent at 1,568,603 units. Of this, exports were at 124,062 units, the company said.<br /><br />The company said its board has recommended a dividend of Rs 75 per share of face value Rs 5 for 2016-17. Dividend for 2015-16 stood at Rs 35 per share of face value of Rs 5 each.<br /><br />MSI stock was trading 0.12 per cent up at Rs 6,415 in the afternoon on BSE.</p>
<p align="justify">Country's largest carmaker Maruti Suzuki India today reported 15.8 per cent rise in net profit to Rs 1,709 crore for the fourth quarter of last fiscal ended March 31.<br /><br />The company had posted net profit of Rs 1,476.2 crore in the January-March period of previous fiscal, 2015-16, MSI said in a statement.<br /><br />"Growth in volumes, increase in share of the company's higher segment models, benefits due to full capacity utilisation and cost reduction efforts contributed to increase in profits," MSI said.<br /><br />Net sales during the fourth quarter of 2016-17 rose to Rs 18,005.2 crore, up 20.3 per cent against the year-ago period.<br /><br />Car sales were up 15 per cent to 4,14,439 units, the company said, adding that the exports were at 31,771 units.<br /><br />For entire 2016-17, MSI posted net profit of Rs 7,337.7 crore, up 36.8 per cent, from Rs 7,511 crore in the previous fiscal.<br /><br />Net sales last fiscal stood at Rs 66,909.4 crore, up 18.5 per cent from 2015-16. Volume sales during 2016-17 were up 9.8 per cent at 1,568,603 units. Of this, exports were at 124,062 units, the company said.<br /><br />The company said its board has recommended a dividend of Rs 75 per share of face value Rs 5 for 2016-17. Dividend for 2015-16 stood at Rs 35 per share of face value of Rs 5 each.<br /><br />MSI stock was trading 0.12 per cent up at Rs 6,415 in the afternoon on BSE.</p>