Maruti Suzuki Q4 Results: Net profit up 48% at Rs 3,878 crore, misses estimates; board declares Rs 125/share dividend
Maruti Suzuki India Q4 FY24 Results Preview: Maruti Suzuki India, the country’s largest carmaker, on Friday reported a standalone net profit of Rs 3,877.8 crore for the January-March period, driven by factors such as strong sales volume, favourable commodity prices, cost reduction efforts but missing analysts’ expectations. The quarterly net profit was up 47.8 per cent compared with the corresponding quarter a year ago.
The auto giant, whose popular passenger cars include Wagon R, Dzire, Swift, Baleno and Brezza, registered revenue of Rs 38,234.9 crore for the March quarter, up 19.3 per cent on a year-on-year basis.
Its margin, a key measure of profitability, improved to 12.2 per cent from 10.5 per cent a year ago.
According to Zee Business research, Maruti Suzuki India’s fourth-quarter net profit was estimated at Rs 3,950 crore, revenue at Rs 38,700 crore, and margin 13 per cent.
Maruti Suzuki India sold 5,84,031 vehicles during the quarter under review, up 13.4 per cent compared with the year-ago period. Out of those, sales in the domestic market were up 12.2 per cent 5,05,291 units, while exports grew 21.7 per cent to 78,740 units.
Maruti Suzuki India declared a record dividend of Rs 125 per share. Read more on Maruti Suzuki dividend
For the year ended March 31, the auto maker clocked 19.9 per cent growth in net sales to Rs 1,34,937.8 crore, with an increase of 8.6 per cent in total sales to 2,135,323 vehicles. Full-year sales in the domestic market stood at 18,52,256 units and exports at 2,83,067 units, Maruti Suzuki said.
The company remained the country’s top exporter of passenger vehicles for the third year in a row, it said.
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