Maruti Suzuki continues to be the top exporter for the third consecutive year, now contributing 41.8 per cent of total passenger vehicle exports from India
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.
Maruti Suzuki Q4 Results: Revenue growth year-on-year to be supported by robust volume growth and increase in realizations. EBITDA margin to expand on better net pricing and scale. Key thing to watch out for is demand outlook, especially for rural/ entry level segments.
Maruti Suzuki Q4 earnings: Nomura India sees Maruti Suzuki India's profit at Rs 4,265 crore, up 63 per cent YoY. It sees sales for MSIL rising 21 per cent YoY to Rs 38,693 crore. This brokerage sees margin at 13.9 per cent, up 347 basis points.
Maruti Suzuki Q4 earnings project a 52% YoY PAT increase, 20% revenue growth, and improved EBITDA margins. Strong performance from SUV segment and exports drive volume growth.