Maruti Suzuki India, the leading car manufacturer, announced its standalone net profit for the January-March period, reaching Rs 3,877.8 crore.
Despite missing analysts’ estimates, the quarterly net profit saw a significant 47.8% increase compared to the same period last year, attributed to robust sales volume, favorable commodity prices, and cost reduction efforts.
Financial Highlights
The company reported a revenue of Rs 38,234.9 crore for the March quarter, marking a notable 19.3% year-on-year growth.
Additionally, Maruti Suzuki’s margin improved to 12.2% from 10.5% a year ago, reflecting enhanced profitability and operational efficiency.
Sales Performance and Market Share
Maruti Suzuki India sold a total of 5,84,031 vehicles during the quarter, showcasing a 13.4% increase compared to the previous year.
Domestic sales rose by 12.2% to 5,05,291 units, while exports grew by 21.7% to 78,740 units. The company maintained its position as the country’s top exporter of passenger vehicles for the third consecutive year.
Dividend Declaration and Full-Year Performance
Maruti Suzuki India declared a record dividend of Rs 125 per share, reflecting its commitment to rewarding shareholders.
For the fiscal year ended March 31, the company achieved a 19.9% growth in net sales, reaching Rs 1,34,937.8 crore.
Total sales increased by 8.6% to 2,135,323 vehicles, with domestic sales standing at 18,52,256 units and exports at 2,83,067 units.
Outlook and Market Updates
Despite missing estimates, Maruti Suzuki’s strong performance in Q4 FY24 underscores its resilience and market dominance.
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