Maruti will protect its turf, says CFO

Maruti Suzuki today announced an 80 per cent rise in its fourth-quarter profit, benefiting from robust sales of its Ertiga multi-purpose vehicle and a sharp decline in the yen. Ajay Seth, CFO of the auto company told NDTV Profit, EBIDTA margins for the quarter jumped 310 bps to 10.6 per cent as against estimates of 9 per cent. He added that other income rose significantly in the quarter on account of the maturity of fixed-term investment plans. On Honda Amaze's launch, he said that they have been monitoring competition and will be launching products accordingly. "We will make sure we protect our turf, our market-share," Mr Seth said. Tag: Corporates