Maruti Suzuki Q4 results today: A look at the financial figures in last three quarters of FY24

Auto major Maruti Suzuki India Ltd is set to announce its earnings for the third quarter ended March 2024 (Q4FY24) on Friday, April 26.

Market experts are widely expecting the company to post a strong jump in profit and revenue on the back of higher sales volume and increasing share of SUVs (sports utility vehicles).

However, the stock price is trading in the negative zone ahead of the results announcement, having fallen around 0.7% to hit an intraday low of ₹12,822.05 on the National Stock Exchange of India (NSE).

Maruti Suzuki shares had hit their 52-week high of ₹13,073.95 apiece earlier this week on April 24. The stock has gained over 51% in the past one year and is up 25% year-to-date in 2024.

Ahead of Q4 earnings, here’s a look at how Maruti Suzuki has performed in the last three quarters:

Net profit

In the previous quarter ended December 2023 (Q3 FY24), Maruti Suzuki’s consolidated net profit grew 33% year-on-year to ₹3,206.8 crore.

In Q2, the company’s net profit stood at ₹2,061.5 crore, up over 80% as compared to the corresponding quarter of the previous fiscal year.

In Q1, net profit surged more than 2-fold compared with the year-ago period to ₹2,485 crore.

Also Read: Maruti Suzuki Q4 Results live update

Revenue

Revenue for the previous quarter ended December came in at ₹33,512.8 crore, registering a 14.5% growth compared with a year ago.

In Q2 FY24, revenue grew 23.8% to ₹37,062.1 crore compared with the year-ago period.

In Q1, revenue from operations rose 22% year-on-year to ₹32,327 crore.

EBITDA

Operating profit, EBITDA (earnings before interest, taxes, depreciation, and amortisation), for Q3 FY24 came in at ₹3,908 crore. EBITDA margins stood at 11.7% during the quarter.

In Q2, EBITDA stood at ₹4,784 crore, while margins came in at 12.9%.

In Q1, EBITDA rose 56% year-on-year to ₹2,983 crore, while operating margin improved to 9.23%.