Maruti Suzuki Q4 FY2024 Results: Revenue Up 19%, Net Profit Surges 48%, Dividend at ₹125/Share

Tanushree Jaiswal 26th April 2024 - 06:18 pm

Key Highlights

Maruti Suzuki reported a 19% increase in its revenue from operations.
Net profit was marked at ₹3878 cr for Q4 FY2024 against ₹2624 cr in Q4 FY2023, an increase of 48%.
The company declares a ₹125 per share dividend for FY2024.

Business Highlights

Maruti Suzuki reported a 19% increase in revenue from operations for Q4 FY2024 at ₹38235 cr from ₹32048 cr in Q4 FY2023.
Its net sales for FY2024 were ₹36697.5 cr against ₹30821.8 cr in FY2023.
The company declared an ₹125 dividend per equity share for FY2024 against Rs.90 in FY2023.
Total vehicles sold for Q4 FY2024 were 584,031, up by 13.4% on a YOY basis.
Its total yearly sales volume crossed the 2 million mark.
The domestic market sales volume was 505,291 units while the exported unit number was 78740.
Maruti Suzuki for the third consecutive year became the top exporter of PVs.

Commenting on the results, RC Bhargava, Chairman-Maruti Suzuki, said, “The company registered the highest-ever annual sales volume, exports, net sales and net profit with annual sales volume surpassing 2 million units. Maruti has been the top exporter of passenger vehicles in India for the 3rd consecutive year.” He further added, “The expansion at the Kharkhoda plant is in full swing and the first line is expected to be operational before the end of this financial year FY25.”

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Tanushree Jaiswal

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