Maruti Q4 net profit falls 12% at Rs 1134 cr on higher tax

Maruti has posted lower profit in January-March quarter on higher tax and lower other income. The four-wheeler major's net profit fell 11.7 percent in Q4FY16 at Rs 1133.6 crore from Rs 1284.2 crore in corresponding quarter last fiscal. During the quarter, total income rose 12.3 percent at Rs 15306 crore in Q4 against Rs 13624.8 crore year-on-year. In Q4, other income fell to Rs 121.2 crore against Rs 320 crore on annual basis.  The company has said that loss of 10,000 units due to reservation agitation, increased advertising expenses and lower other income slightly impacted profits this quarter.

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