Maruti Suzuki Q4 results out: Net profit rises 48%, beats expectations

Share

Tweet

Share

Share

Email

Comments

Maruti Suzuki Q4 results: A final dividend of ₹125 per share for the financial year 2023-24 has been recommended.

Read More: Deloitte Estimates India’s GDP To Grow 6.6% in FY25, Raises FY24 Growth To 7.8% Vs 7.2% Earlier

Maruti Suzuki Q4 results: 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.

Read More: Bank of Maharashtra Q4 Results: Net Profit Jumps 45% to Rs 1,218 Crore, Rs 1.40 Dividend Declared

Analysts estimated the bottom line at ₹3,839.2 crore in the January–March period. 

Top points from Maruti Suzuki Q4 results:

Read More: OpenAI’s Sam Altman to roll out ‘amazing new model’ GPT-5: What report claims

1. The Ebitda is up 40% at ₹4,685 crore. The estimates for the same were ₹4,940 crore. 
2. 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. 
3. 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.
4. 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.
5. Maruti Suzuki recorded its highest-ever net revenue, profit, exports, and volume of sales in a single year. ⁠
6. In the preceding fiscal year, Maruti Suzuki sold more than 20 lakh units annually. 
7. For the third year in a row, it led India’s passenger vehicle exports in FY24.