Maruti Suzuki’s Q4FY24 Quarter Results
Maruti Suzuki’s revenue grew 20% YoY
- 30 Apr 2024
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- 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) | 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
Disclaimer: The content of this post is intended solely for educational purposes and should not be regarded as financial advice. Past performance is not indicative of future results. The securities and assets mentioned serve purely as illustrations only and should not be taken as recommendations for investment. Please note that the information presented is compiled from several sources available on the internet. We strongly advise consulting with a qualified financial advisor prior to making any investment decisions. Read the full disclaimer here.
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