Maruti Suzuki’s Q4FY24 Quarter Results
- 30 Apr 2024
- Maruti Suzuki reported 15% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter ended March (Q4FY24). On a year-on-year (YoY) basis, it witnessed a growth of 20%.
- Its expenses for the quarter were up by 14% QoQ and 16% YoY.
- The net profit grew 23% QoQ and grew 47% YoY.
- The earnings per share (EPS) of Maruti Suzuki stood at 125.7 during Q4FY24.
Maruti Suzuki’s Financial Statements for Q4FY24:
(Rs crores)
Total income
Q4FY23
33,016
Q3FY24
34,509
Q4FY24
39,655
QoQ (%)
15%
YoY (%)
20%
(Rs crores)
Total expenses
Q4FY23
29,723
Q3FY24
30,410
Q4FY24
34,625
QoQ (%)
14%
YoY (%)
16%
(Rs crores)
Profit before tax
Q4FY23
3,341
Q3FY24
4,156
Q4FY24
5,108
QoQ (%)
23%
YoY (%)
53%
(Rs crores)
Tax
Q4FY23
653
Q3FY24
949
Q4FY24
1,155
QoQ (%)
22%
YoY (%)
77%
(Rs crores)
Profit after tax
Q4FY23
2,688
Q3FY24
3,207
Q4FY24
3,952
QoQ (%)
23%
YoY (%)
47%
(Rs crores)
Earnings per share
Q4FY23
85.5
Q3FY24
102.0
Q4FY24
125.7
QoQ (%)
YoY (%)
| (Rs crores) | Q4FY23 | Q3FY24 | Q4FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total income | 33,016 | 34,509 | 39,655 | 15% | 20% |
Total expenses | 29,723 | 30,410 | 34,625 | 14% | 16% |
Profit before tax | 3,341 | 4,156 | 5,108 | 23% | 53% |
Tax | 653 | 949 | 1,155 | 22% | 77% |
Profit after tax | 2,688 | 3,207 | 3,952 | 23% | 47% |
Earnings per share | 85.5 | 102.0 | 125.7 |
Key Highlights:
- Dividend: Rs 3.90 crore translating to Rs 125 per share, a substantial increase for shareholders
- Sales Growth: The company's vehicle sales jumped 13.4% in the last quarter (Q4FY2023-24) compared to the same period last year, reaching a total of 584,031 units. This increase was driven by both domestic and export markets. Domestic sales grew 12.2% to 505,291 units, while exports surged 21.7% to 78,740 units.
Management Commentary:
- The management expressed satisfaction with the company’s strong performance in Q4FY24, despite a challenging economic environment.
- They highlighted the company's ability to navigate supply chain disruptions and semiconductor shortages to achieve volume growth.
- The management credited a favourable sales mix, including higher sales of premium models, for driving profitability.
- The management acknowledged the ongoing challenges posed by rising input costs and supply chain disruptions.
- However, they also expressed optimism about the future, citing the growing demand for automobiles in India and the company's strong product portfolio.
Data Source: BSE, Company announcements
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