Maruti Suzuki Q4 profit declines 10% YoY to Rs 1,166 cr, misses estimates

Maruti Suzuki India's net profit slipped on account of lower sales volume and increase in commodity prices

India’s largest car manufacturer Maruti Suzuki India on Tuesday reported a standalone net profit of Rs 1,166.1 crore for the quarter ended March 31, 2021 (Q4FY21). It was down 9.72 per cent from previous year’s profit of Rs 1,291.7 crore on account of lower sales volume, increase in commodity prices, adverse foreign exchange movement, and lower non-operating income.
 

In the December quarter, PAT stood at Rs 1,941.4 crore. On a consolidated basis, the net profit slipped 6.1 per cent to Rs 1,241.1 crore.
 

The standalone revenue for the quarter, meanwhile, came in at Rs 24,023.7 crore, clocking a growth of