Maruti Suzuki Q4 Results: Profit Falls 11%, Margin Contracts

Maruti Suzuki India Ltd.’s profit fell after two quarters even as sales improved.

The company sold 4.92 lakh units in the reported quarter, up 28% from the year earlier.

That was aided by a recovery in sales which continued till the fourth quarter after a washout first quarter of fiscal 2019-20 because of the Covid-19 lockdown. Also, Maruti Suzuki’s decision to hike prices from April, the second time this year to counter rising input costs, may have prompted pre-buying in March.

Shares of Maruti Suzuki fell 0.6% to Rs 6,602 apiece after the results were announced compared with a 1.2% gain in the benchmark Nifty 50.