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Maruti Q4 profit seen down 3.4%, discounts & yen may hit margin

Maruti sold 3.6 lakh units in Q4, a growth of 4 percent compared to 3.46 lakh units sold in year-ago period. Volume was hit due to production loss of 10,000 units in February on account of Jat reservation agitation in Haryana. Company temporarily suspended production due to disruption of component supplies.

April 26, 2016 / 08:28 IST
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Country's largest car manufacturer Maruti Suzuki is likely to disappoint the street on April 26 by reporting contraction in profit and margin for January-March quarter. Profit is seen falling 3.4 percent year-on-year to Rs 1,240 crore in Q4, which may get impacted by lower margin, according to average of estimates of analysts polled by CNBC-TV18.

Revenue may increase 9.2 percent to Rs 14,885 crore in quarter ended March 2016 compared to Rs 13,624.8 crore in same quarter last fiscal, despite slow down in volume growth.

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Maruti sold 3.6 lakh units in Q4, a growth of 4 percent compared to 3.46 lakh units sold in year-ago period. Volume was hit due to production loss of 10,000 units in February on account of Jat reservation agitation in Haryana. Company temporarily suspended production due to disruption of component supplies.

Domestic volume increased 5 percent YoY to 3.33 lakh units while exports declined 8 percent to 27,009 units in same quarter.