Lowers production guidance for March 2022
Cars & Utility vehicles manufacturer Maruti Suzuki India announced Q4FY24 & FY24 results:
Q4FY24 Financial Highlights:
- The Company sold a total of 5,84,031 vehicles during the quarter, higher by 13.4% compared to the same period previous year.
- In the quarter, the sales volume in the domestic market stood at 5,05,291 units, up by 12.2% over that in Q4FY2023-24.
- The sales volume in the export market was at 78,740 units, a growth of 21.7% over exports of 64,719 units in Q4FY2022-23.
- During the quarter, the Company registered net sales of Rs 3,66,975 million against Rs 3,08,218 million in the same period of the previous year.
- Net profit for the quarter was at Rs 38,778 million, an increase of 47.8% over Rs 26,236 million in Q4FY2022-23.
FY24 Financial Highlights:
- The Company sold a total of 21,35,323 vehicles during the year, a growth of 8.6% over that in FY2022-23.
- Sales volume in the domestic market stood at 18,52,256 units and exports at 283,067 units.
- The Company registered net sales of Rs 13,49,378 million in FY2023-24, a growth of 19.9% over the net sales of Rs 11,25,008 million in FY2022-23.
- The Company achieved a net profit of Rs 1,32,094 million in FY2023-24, 64% higher than the net profit of Rs 80,492 million in FY2022-23.
Dividend:
- The Board of Directors recommended highest-ever dividend of Rs 125 per share (face value of Rs 5 per share) compared to Rs 90 per share in FY 2022-23.