Maruti Suzuki posts 28% YoY fall in Q4 profit at Rs 1,322 crore

During the quarter, Maruti sold a total of 385,025 vehicles, lower by 16% over the same period previous year

Auto major Maruti Suzuki on Wednesday reported 27.7 per cent year-on-year fall in consolidated profit at Rs 1,322.3 crore for the March quarter of FY20 (Q4FY20) while revenue dipped 15.2 per cent to Rs 18,207.7 crore. The company had posted revenue of Rs 21,473.1 crore and profit of Rs 1,830.8 crore in the corresponding quarter of last year.

During the quarter, Maruti sold a total of 385,025 vehicles, lower by 16 per cent over the same period previous year. In domestic market, the company sold 360,428 vehicles, down 16 per cent YoY. Exports were at 24,597 vehicles, down 16.9 per