Maruti Suzuki Q3 Results FY2024, Net profit at Rs.3206.8 crores

Shreya Anaokar 31st January 2024 - 04:18 pm

On 31st January, Maruti Suzuki announced its quarterly results.

Key Highlights:

- Consolidated Revenue from Operations was at Rs.33,512.8 crores.
- Profit before tax at Rs.4155.6 crores
- Net Profit was reported at Rs.3206.8 crores

Business Highlights:

- For the first time, the Company reached the annual sales milestone of two million units in calendar year 2023.
- A robust SUV portfolio contributed to the SUV segment's 9M FY2023–2024 market share of around 21%.
- Q3 FY2023–24 reported the highest quarterly sales of CNG automobiles ever, with over 127,000 units sold.
- The company maintained its position as India's top exporter of passenger cars.
- The Company sold a total of 501,207 vehicles during the quarter. Despite the small car segment continuing to be subdued, the Company registered sales of 429,422 units in the domestic market.
- The Company exported 71,785 cars, its highest-ever in any quarter. The same period in the previous year saw total sales of 465,911 units comprising 403,929 units in the domestic market and 61,982 units in exports.