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Sales up 20%; full-year profit surges 37% to Rs 7,337 cr;

Sales up 20%; full-year profit surges 37% to Rs 7,337 cr; commodity prices, forex offset some gains

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The country's largest car maker, Maruti Suzuki, has reported a near 16 per cent jump in net profit to Rs 1,709 crore, for the fourth quarter ended on March 31, 2017. The FY17 profit surged 37 per cent to Rs 7,337 crore, helped by volume growth and better product mix. Sales revenue for the fourth quarter rose over 20 per cent to Rs 18,005 crore.

Maruti sold 414,439 vehicles during the quarter, up 15 per cent over same quarter last year. Revenue for the year grew over 18 per cent to Rs 66,909 crore. The annual volume growth was 9.8 per cent to 1.56 million ...

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First Published: Thu, April 27 2017. 15:35 IST