Maruti Suzuki's Q4 profit increases 48% YoY to ₹3,878 crore

Maruti Suzuki's Q4 profit increases 48% YoY to ₹3,878 crore
26 Apr 2024

Maruti Suzuki, the nation's leading car manufacturer, has reported a standalone net profit of ₹3,878 crore for the fourth quarter that ended March 31.

This represents a significant 48% increase from the same period last year.

Sequentially, net profit surged by nearly 24% from ₹3,130 crore in Q3.

The company attributes this substantial rise in Profit After Tax (PAT) to improved product pricing, robust volume growth, and an increase in sale of its SUVs.

Maruti Suzuki's Q4 revenue was ₹38,235 crore
Revenue analysis

Maruti Suzuki disclosed a revenue of ₹38,235 crore for the fourth quarter of FY 2024.

This is a significant increase of over 19% from the previous year's Q4 operational revenue of ₹32,048 crore.

Despite this growth, market analysts had anticipated a higher profit of ₹3,916 crore on revenue of ₹38,772 crore, based on an average of nine brokerage estimates.

Maruti Suzuki announces its highest divident ever
Stock performance

Despite the impressive financial performance, Maruti Suzuki's shares on BSE ended trading slightly lower by 1.26% at ₹12,760 each on April 26.

This occurred even as the auto giant announced a dividend of ₹125 per share, its highest ever.

The company is optimistic about future growth and has increased its manufacturing capability at the Manesar plant in Haryana by one lakh units per year to a total capacity of 9 lakh vehicles per year.