Maruti Suzuki profit up 36.6% in FY 2016-17

New Delhi: Driven by premium models, Maruti Suzuki India today reported 36.6% jump in its annual profit to a record Rs 7,511 crore for the last fiscal, while fourth-quarter net rose by 15.8%. The company’s net profit in 2015-16 was Rs 5,497.2 crore.

Its net sales for 2016-17 were at Rs 66,909.4 crore, up 18.5% from the previous fiscal. Volumes for the financial year ended March 31 were up 9.8% to 15,68,603 units. Of this, exports were at 124,062 units, MSI said. The MSI Board has also recommended a dividend of Rs 75 per share of face value Rs 5 for 2016-17 entailing a total outgo of Rs 2,726 crore inclusive of taxes. MSI had paid a dividend of Rs 35 per share in 2015-16. PTI