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Maruti Suzuki India's Consolidated Profit Declines in Fiscal Q4; EPS Misses Estimates

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-- Maruti Suzuki India (NSE:MARUTI, BOM:532500) consolidated attributable profit declined to 36.6 billion Indian rupees in the fiscal fourth quarter ended March 31, against 39.1 billion rupees a year ago.

Earnings per share contracted to 116.38 rupees compared with the year-ago figure of 124.40 rupees, according to a Tuesday filing to the Indian stock exchanges by the car manufacturer.

The EPS was lower than the 129.42 rupees estimated by analysts polled by Visible Alpha.

Revenue from operations in fiscal Q4, however, jumped to 524.6 billion rupees from 409.2 billion rupees a year earlier. Analysts polled by Visible Alpha estimated 508.8 billion rupees.

The board recommended a dividend of 140 rupees per share for the fiscal year ended March 31, compared with 135 rupees per share in the prior year.

Shares of the company were down nearly 3% in after-market hours

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