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, India s largest carmaker, reported a 47.8% increase in net profit to Rs 3,877.8 crore for the fourth quarter ending March 31, 2024, in line with street estimates. Strong sales and a better product mix drove this growth. Revenues rose by 19% to Rs 36,697.5 crore, slightly below the expected 21.2% growth to Rs 38,838.2 crore.
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: Net sales of the company rose 19% to INR 36,697.5 crore in the three months to March 2024. Total expenses went up by 16.3% to INR 34,355.1 crore in the same period.