Maruti Suzuki’s Q1FY25 Quarter Results
- 02 Aug 2024
- Maruti Suzuki reported a 7% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter ended June (Q1FY25). On a year-on-year (YoY) basis, it witnessed a growth of 10%.
- Its expenses for the quarter were down by 7% QoQ and up by 6% YoY.
- The net profit reduced 5% QoQ and grew 48% YoY.
- The earnings per share (EPS) of Maruti Suzuki stood at 119.6 during Q1FY25.
Maruti Suzuki’s Financial Statements for Q1FY25:
| (Rs crores) | Q1FY24 | Q4FY24 | Q1FY25 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total income | 33,582 | 39,655 | 36,840 | -7% | 10% |
Total expenses | 30,376 | 34,625 | 32,062 | -7% | 6% |
Profit before tax | 3,269 | 5,108 | 4,836 | -5% | 48% |
Tax | 726 | 1,155 | 1,076 | -7% | 48% |
Profit after tax | 2,543 | 3,952 | 3,760 | -5% | 48% |
Earnings per share | 80.9 | 125.7 | 119.6 |
Financials:
- Profit: ₹3,760 crores, up 48% from ₹2,542.90 crores in Q1FY24.
- Revenue from Operations: ₹35,779.40 crores, up 10.0% from ₹32,534.80 crores in Q1FY24.
- Total Vehicles Sales: 521,868 vehicles, up 4.8% YoY from Q1FY24.
- Net Sales: ₹33,875.30 crores, up from ₹30,845.20 crores in Q1FY24.
- Operating Margin (EBIT): Improved by 390 basis points to 11.1%.
- Earning per share: Improved to ₹119.2, up from ₹80.9 YoY.
Management Commentary:
Rahul Bharti, chief investor relations officer of Maruti Suzuki, said,
“In the domestic market, the demand for passenger vehicles was muted to some extent, largely due to the heat wave and elections, which kept many potential customers away from our showrooms. We also get a sense that there are indeed customers in the market who might be waiting for an auspicious period, a more attractive time, or some reason to make their purchase. The company is increasing its focus on improving retail sales.”
He added, “Going forward, a better monsoon season coupled with the onset of the festive period is where the industry is pinning its hope.”
Data Source: BSE, Company announcements
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