MARUTI SUZUKI Q4 RESULTS: NET PROFIT RISES, CARMAKER DECLARES HIGHEST-EVER DIVIDEND
The country's largest carmaker, Maruti Suzuki India, today reported a 48% year-on-year (y-o-y) rise in standalone net profit at Rs 3,878 crore for the quarter ended March 2024 on the back of a handsome growth in volumes and improved realisation.
While the company's net sales grew 19% y-o-y at Rs 36,697 crore in Q4 FY24, the revenue from operations jumped 19% y-o-y at Rs 38,235 crore.
The net profit as well as the net sales were the highest ever for any quarter.
In the March quarter, earnings before interest, taxes, depreciation and amortization (Ebitda) increased 40% y-o-y at Rs 4,685 crore. The operating margin rose 180 basis points y-o-y at 12.25% driven by an improvement in capacity utilisation, cost reduction efforts, softening of commodity prices and higher non-operating income.
| Particulars | Q4 FY24 | Q4 FY23 | Growth (y-o-y) |
| Net sales | Rs 36,697 cr | Rs 30,822 cr | 19% |
| Total revenue from operations | Rs 38,235 cr | Rs 32,048 cr | 19% |
| Ebitda | Rs 4,685 cr | Rs 3,350 cr | 40% |
| Ebitda margin | 12.25% | 10.45% | 180 bps |
| PAT | Rs 3,878 cr | Rs 2,624 cr | 48% |
Source - BSE
Maruti's quarterly volumes climbed 13% y-o-y at 5,84,031 units. This includes domestic sales of 505,291 units, 12% y-o-y growth, and exports of 78,740 units, 22% y-o-y growth.
The average selling price (ASP) of Maruti vehicles increased 5% y-o-y at Rs 6,28,348 in the March quarter.
| Particulars | Q4 FY24 | Q4 FY23 | Growth (y-o-y) |
| Volumes | 5,84,031 units | 5,14,927 units | 13% |
| ASP | Rs 6,28,348 | Rs 5,98,566 | 5% |
Source - BSE
Maruti declared its highest-ever dividend of Rs 125 per share for FY24 compared to Rs 90 per share in FY23.
2024-04-26T18:06:02Z dg43tfdfdgfd