Challenging FY17: Rising commodity, forex slow down Maruti's Q4 profit

However, full-year net up 37%, at record Rs 7,337 cr; board recommends dividend of Rs 75 a share

High double-digit profit growth during the first three quarters of 2016-17 at Maruti Suzuki, the country's largest car maker, slowed in the fourth (March) quarter on pressure from firmer commodity prices and adverse foreign exchange movement.

That apart, the company has posted its best annual profit for the year ended March 2017. There was a 16 per cent jump in net profit for the fourth quarter, to Rs 1,709 crore. The growth in the first, second and third quarters had been 23, 60 and 47 per cent, respectively. The FY17 profit surged 37 per cent to Rs 7,337 crore,