Maruti Suzuki reported 11.73 per cent decline in net profit year-on-year to Rs 1133.60 crore for the quarter under review. The company had reported net profit of Rs 1284.20 crore in the corresponding quarter a year ago.

However, it registered better-than-expected financial results in terms of revenue and margins growth for the quarter ended March 2016. Total income from operations (net) of Maruti Suzuki surged 12.34 per cent year-on-year to Rs 15,305.70 crore. The company sold a total of 3,60,402 vehicles in Q4, a growth of 3.9 per cent. Of this, exports were at 27,009 units.

A loss of 10,000 units due to reservation agitation, increased advertising expenses and lower other income impacted profits during the quarter.

EBIDTA margin of the company slid 60 basis points to 15.7 per cent for the quarter ended March 2016. Reliance Securities was expecting 116 basis points yoy contraction in EBIDTA margin due to limited volume growth and expected increase in marketing costs.

For the full fiscal ended March 31, MSI posted net profit of Rs 4,571.4 crore, up 23.2 per cent from Rs 3,711.2 crore in the previous fiscal.

Net sales of the company for the fiscal stood at Rs 56,350.4 crore, up 15.9 per cent from 48,605.5 crore last year.

Volume sales in the fiscal were up 10.6 per cent at 1,429,248 units. Of this, exports were at 1,23,897 units, the company said.

The company said its Board of Directors has recommended a dividend of 700 per cent per cent, Rs 35 per share of face value Rs 5 for 2015-16. The dividend in 2014-15 was at 500 per cent.Share price of the company was trading 3.74 per cent up at Rs 3874.10 (1.16 pm).