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Maruti Suzuki has posted a 3% increase in YoY profit at Rs.1,799 crore for the quarter ended December 31,2017. Profit for the corresponding quarter last year was at Rs.1,747.2 crore.
Revenue from operations for the December quarter increased by 14.2% to Rs.19,283 crore, as against Rs.16,888 crore in the year ago quarter. The company sold a total of 4,31,112 vehicles during the quarter, posting an increase of 11.3% over the year ago quarter.
Further, the company’s board has given approval to proposal of revision in the method of calculating royalty, which will result in lower royalty payments for new model agreements starting the Ignis and these changes will come into effect after it receives approval by the board of parent company Suzuki Motor Corporation.
