Maruti Suzuki Q4 Results: The profit figure was higher than the Street estimate of Rs 3046 crore. The Board has also recommended a final dividend of Rs 125 per share for the financial year 2023-24. For the full financial year, the automakers standalone PAT stood at Rs 13,209 crore, up over 64% YoY compared to Rs 8,049 crore reported in FY23.
The auto space is back in the game after a very long time. The decline in major commodity prices has been fruitful and margins have already started to improve. Amid this positive environment, let s find out between Maruti Suzuki and M&M, which auto major is a better investment for the long term.
Revenue from operations during the second quarter increased 24% YoY to Rs 37,062 crore. Maruti said it recorded its highest-ever quarterly sale volume, net sales, and net profit in this quarter.
The market for the entry level cars has not improved at all this year. In the July to September 2023 quarter, it has gone down quite significantly. Maruti Suzuki, which grew its profit by 78% in Q2 on the back of SUV sales, believes that for a high level of sustained growth in the car industry in future, rise in demand of small cars is necessary. Going forward, the company s Chairman RC Bhargava sees the demand for entry-level car segment to gradually return in the next 2-3 years on the back of economic growth, better income levels, increased affordability, and no major impact of new regulatory norms.
Maruti Suzuki Q1 Results Live: Automaker Maruti Suzuki India s net profit for the quarter ended June on Monday surged more than 2-fold year-on-year (YoY) to Rs 2,485 crore, and was slightly higher than the ET Now Poll of Rs 2,444 crore.The revenue from operations rose 22% on year to Rs 32,327 crore and was higher than the estimated Rs 31,778 crore.