Maruti Suzuki Q4 results out: Net profit rises 48%, beats expectations
Carmaker Maruti Suzuki India Limited (MSIL), India’s largest passenger on Friday reported a standalone net profit of ₹3,878 crore.
In the quarter ended march, according to a recent exchange filing. This was up by 48% YoY from ₹2,624 crore reported in the year-ago period. A final dividend of ₹125 per share for the financial year 2023-24 has been recommended by the Board.
Analysts estimated the bottom line at ₹3,839.2 crore in the January–March period.
The Ebitda is up 40% at ₹4,685 crore. The estimates for the same were ₹4,940 crore.
Margin at 12.3% vs 10.5% (Estimate: 12.8%). Improvement in the margins were primarily seen due to improved capacity utilization, cost reductions, and decreased commodity prices.
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The total revenue from operations for the entire financial year ended March 31, 2024, stood at ₹1,40,933 crore vs ₹1,17,523 crore which is a 20% YoY uptick.
The company’s star products include Baleno, Swift, and Invicto, which reported a Q4FY24 sales volume of 5,84,031, recording a 13% jump from the last year. Read more: HCL Tech Q4 results: IT major’s net profit at ₹3,986 crore; ₹18 interim dividend declared
Maruti Suzuki recorded its highest-ever net revenue, profit, exports, and volume of sales in a single year.
In the preceding fiscal year, Maruti Suzuki sold more than 20 lakh units annually.
For the third year in a row, it led India’s passenger vehicle exports in FY24.