New Delhi, April 26 -- Automobile major Maruti Suzuki on Thursday reported a decline of 4.6 per cent in its net profit for the fourth quarter of 2018-19.
According to the company, net profit in the quarter under review stood at Rs 1,795.6 crore as compared to the corresponding period of the previous fiscal.
The company cited factors such as adverse foreign exchange rates, commodity prices, depreciation and higher sales promotion expenses that dented its financial performance during the quarter.
However, cost reduction efforts were able to partially offset the negative impact.
In the quarter under review, the company sold 458,479 units, down 0.7 per cent from the corresponding period of the previous fiscal.
In the full fiscal, the compa...