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 reported a 48% rise in net profit for the March 2024 quarter. Net profit rose to Rs 3,877.8 crore in the March 2024 quarter against Rs 2623.6 crore in the March 2023 quarter. The board of the firm recommended a final dividend of Rs 125 per share, its highest ever. Revenue from operations rose 19% to Rs 36,697.5 crore in Q4 against Rs 30,821 crore in the March 2023 quarter. Earnings per share of the auto firm rose to Rs 123.34 in Q4 against Rs 86.85 in Q4 of FY23.
Maruti Suzuki Q4 results: Revenue for the quarter jumped 20.8 per cent to Rs 30,822 crore. Emkay had pegged sales figure at Rs 32,613 crore and Kotak Institutional Equities at Rs 32,377 crore.
Maruti Suzuki Q4 Results: Net profit falls 10% YoY, below estimates; sales surge
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Last Updated: Apr 27, 2021, 03:25 PM IST
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Analysts had expected Maruti Suzuki India to report a 38 per cent year-on-year jump in net profit to Rs 1,785 crore for the quarter on revenues of Rs 23,704 crore.
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Maruti Suzuki’s year-on-year performance on the topline has been aided by the low base of the year ago quarter which was hit by the national lockdown to stem the pandemic.
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Maruti Suzuki India today reported a near 10 per cent year-on-year fall in net profit to Rs 1,166 crore for the quarter ended March. The company’s sales, however, soared 33.6 per cent on-year to Rs 22,958.6 crore.