Maruti Suzuki Q4 Results: Net Profit Surges 48%, Exceeds Expectations, Recommends Final Dividend of ₹125 Per Share

New Delhi: Maruti Suzuki, India’s largest passenger carmaker, has announced its fourth-quarter results, surpassing expectations with a substantial increase in net profit. According to a recent exchange filing, Maruti Suzuki India Limited (MSIL) reported a standalone net profit of ₹3,878 crore for the quarter ended March, marking a significant 48% year-on-year increase from ₹2,624 crore reported in the corresponding period last year.

The company’s board has recommended a final dividend of ₹125 per share for the financial year 2023-24.

Key highlights from Maruti Suzuki’s Q4 results:

• Ebitda Growth: The Ebitda (earnings before interest, taxes, depreciation, and amortization) witnessed a robust growth of 40%, reaching ₹4,685 crore, albeit slightly below the estimated ₹4,940 crore. The margin also improved to 12.3% from 10.5% in the previous year, primarily attributed to enhanced capacity utilization, cost reductions, and decreased commodity prices.
• Revenue Surge: The total revenue from operations for the entire financial year ending March 31, 2024, surged to ₹1,40,933 crore, reflecting a remarkable 20% year-on-year increase from ₹1,17,523 crore. This growth trajectory underscores the company’s strong performance in the market.
• Sales Volume: Maruti Suzuki’s star products, including Baleno, Swift, and Invicto, witnessed a notable 13% increase in sales volume for the fourth quarter of FY24, totalling 5,84,031 units. This robust sales performance further consolidates the company’s position in the Indian automotive market.
• Milestone Achievements: The fiscal year 2023-24 marked several milestone achievements for Maruti Suzuki, including its highest-ever net revenue, profit, exports, and sales volume in a single year. Notably, the company sold over 20 lakh units annually for the third consecutive year and maintained its leadership in India’s passenger vehicle exports.

Maruti Suzuki’s strong financial performance underscores its resilience and adaptability in navigating the challenges posed by the market dynamics. The company’s strategic initiatives aimed at enhancing operational efficiency and driving innovation have yielded positive results, reinforcing its position as a frontrunner in India’s automotive industry.