Maruti Suzuki India announced a steady growth in standalone net profit for the quarter ended March 2017. During the quarter, the profit of the company rose 10.03% to Rs 18,821.00 million from Rs 17,105.00 million in the same quarter last year.

Revenues for the quarter rose marginally 2.64% to Rs 217,606.00 million, compared with Rs 212,003 million for the prior year period.

The operating profit was Rs 23,125 million, a growth of 24.4 per cent over the same period previous year on account of higher sales volume, cost reduction efforts, partially offset by adverse commodity prices & higher advertisement expenses.

The board of directors recommended a dividend of Rs 80 a share of face value Rs 5, for 2017-18. The dividend in 2016-17 was Rs 75 a share of face value of Rs 5.

The company sold a total of 461,773 vehicles during the Quarter, a growth of 11.4 per cent over the same period of the previous year. Sales in the domestic market stood at 427,082 units, a growth of 11.6%. Exports were at 34,691 units.

Earnings per share for the quarter stood at Rs 62.30, registering 10.03% growth over previous year period.

Shares of the company declined Rs 157.75, or 1.76%, to trade at Rs 8,790.05. The total volume of shares traded was 120,530 at the BSE (3.12 p.m., Friday).