India, April 27 -- India's largest carmarker Maruti Suzuki on Friday its highest quarterly net profit in March reported quarter net profit as sports utility vehicles drove an increase in sales and favourable commodity prices helped margins.

Consolidated net profit of Rs.3,877.8 crore in January-March (fourth quarter of fiscal year April 2023 to March 2024) soared 47.8 per cent when compared with Rs.2,623.6 crore in the same period a year back, the company said in a stock exchange filing and media statement.

The company, in which Japan's Suzuki Motor Corporation holds 58.19 per cent stake, sold 13.4 per cent more cars in the fourth quarter at 5.84 lakh (including 78,740 units exported) while material cost as percentage of sales dropped 1...