Maruti Suzuki Q4 Results Highlights: Net profit jumps 47% YoY to ₹3,952 crore, dividend declared

Maruti Suzuki Q4 Results Live Update at 4:50 pm: Financial results highlights

• Maruti Suzuki India's net profit rose by 47.8% to ₹3,877.8 crore in Q4 FY24. The automaker had reported a net profit of ₹2,623.6 crore in the year-ago period.
• In Q4 FY24, total revenue from operations reached ₹38,471 crore, reflecting a growth of 24.8% year-on-year, compared to ₹30,809 crore in the corresponding period of the previous year.
• The carmaker's Board has recommended a dividend of ₹125 per share compared to ₹90 per share in FY23.
• Registers highest-ever annual sales volume, exports, net sales and net profit
• Annual sales volume surpasses 2 million units
• Top exporter of passenger vehicles in India for the third consecutive year.

Maruti Suzuki Q4 Results Live Update at 4:32 pm: What does Maruti Suzuki do?

Maruti Suzuki is primarily in the business of manufacturing, purchase and sale of motor vehicles, components and spare parts. The other activities of the company include facilitation of pre-owned car sales, fleet management and car financing.

Maruti Suzuki Q4 Results Live Update at 4:26 pm: Q4 FY24 vs Q4 FY23 | Key reasons for margin movement

Positive factors

• Improved capacity utilization
• Cost reduction efforts
• Softening of Commodity prices
• Improved realization
• Higher non-operating income

Negative factors

• Higher sales promotion
• Higher manufacturing overheads

Maruti Suzuki Q4 Results Live Update at 4:22 pm: Q4 FY24 vehicle sales highlights

• The company sold a total of 584,031 vehicles during the January-March quarter, higher by 13.4% compared to the same period previous year.
• In the quarter, the sales volume in the domestic market stood at 505,291 units, up by 12.2% over that in Q4FY2022-23.
• The sales volume in the export market was at 78,740 units, a growth of 21.7% over exports of 64,719 units in Q4 FY23.

Maruti Suzuki Q4 Results Live Update at 4:17 pm: The total revenue for FY24 increased by 19.9% YoY to ₹1.4 lakh crore vs ₹1.1 lakh crore in previous year.

Maruti Suzuki Q4 Results Live Update at 4:16 pm: On the operational front, the EBITDA for the March quarter increased by 40% YoY at ₹4685 crore vs ₹3344 crore in Q4 FY23.

The EBITDA margins for the quarter stood at 12.25% for Q4 FY24 vs 10.44% in year-ago period.

The improvement in margins was largely aided by better capacity utilisation, cost reduction and lower commodity prices

Maruti Suzuki Q4 Results Live Update at 4:12 pm: FY24 vehicle sales highlights

• Maruti Suzuki India sold a total of 2,135,323 vehicles during the year, a growth of 8.6% over that in FY2022-23.
• Sales volume in the domestic market stood at 1,852,256 units and exports at 283,067 units.
• The company registered net sales of ₹1,349,37.8 crore in FY2023-24, a growth of 19.9% over the net sales of ₹1,125,00.8 crore in FY2022-23.
• The company was able to better its net profit on account of higher sales volume, favourable commodity prices, cost reduction efforts and higher non-operating income.

Maruti Suzuki Q4 Results Live Update at 4:08 pm: The annual general meeting of the company is scheduled to be held on August 27, 2024.

Maruti Suzuki Q4 Results Live Update at 4:04 pm: On a full year basis, the company's net profit for the year increased by 63% YoY at ₹13,488 crore vs ₹8263 crore in FY23.

Maruti Suzuki Q4 Results Live Update at 4:04 pm: Maruti Suzuki's Board of Directors recommended the highest-ever dividend of ₹125 per share (face value of ₹5 per share) compared to ₹90 per share in FY 2022-23.

Maruti Suzuki Q4 Results Live Update at 4:01 pm: Total revenue from operations increased by 24.8% YoY at ₹38,471 crore for Q4 FY24 compared to ₹30,809 crore in year-ago period.

Maruti Suzuki Q4 Results Live Update at 3:55 pm: Maruti Suzuki’s consolidated net profit rose by 47% year-on-year (YoY) to ₹3952.3 crore. In the same period year-ago, the net profit was ₹2,687.7 crore.

Maruti Suzuki Q4 Results Live Update at 3:39 pm: Shares of Maruti Suzuki India closed in the negative territory on Friday. The stock ended at ₹12,760, down 1.26%, on the NSE.

Maruti Suzuki Q4 Results Live Update at 3:14 pm: Shares of Maruti Suzuki India were trading 1.7% lower at ₹12,701 on the National Stock Exchange. Intraday, the stock hit a high and low of ₹13,045 and 12,660, respectively.

Maruti Suzuki Q4 Results Live Update at 2:46 pm: EBITDA in previous quarters of FY24

• For Q3 FY24, the carmaker's EBITDA (earnings before interest, taxes, depreciation, and amortisation) came in at ₹3,908 crore. EBITDA margins stood at 11.7% during the quarter.
• In Q2 FY24, EBITDA was ₹4,784 crore, while margins stood at 12.9%.
• In Q1 FY24, EBITDA grew 56% year-on-year (YoY) to ₹2,983 crore, while operating margin improved to 9.23%.

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Maruti Suzuki Q4 Results Live Update at 2:25 pm: Revenue in previous quarters of FY24

• In Q3 FY24, Maruti Suzuki India's revenue from operations stood at ₹33,512.8 crore, reflecting a 14.5% growth compared with a year ago.
• In Q2 FY24, revenue rose 23.8% to ₹37,062 crore compared with the year-ago period.
• In Q1, revenue increase 22% year-on-year (YoY) to ₹32,327 crore.

Maruti Suzuki Q4 Results Live Update at 1:56 pm: Net profit in previous quarters of FY24

• In Q3 FY24, Maruti Suzuki’s consolidated net profit rose 33% year-on-year to ₹3,206.8 crore.
• In Q2 FY24, 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 FY24, net profit surged over 2-fold compared with the year-ago period to ₹2,485 crore.

Maruti Suzuki Q4 Results Live Update at 1:30 pm: Shares of Maruti Suzuki slumped 1.7% to ₹12,695 on the National Stock Exchange. The stock opened at ₹12,922 and recorded an intraday high of ₹13,045.

Maruti Suzuki Q4 Results Live Update at 1:16 pm: In its website, Maruti Suzuki said that it services 14.75 lakh cars every month and has 3,500 exclusive showrooms across India.

Maruti Suzuki Q4 Results Live Update at 12:43 pm: Maruti Suzuki increases prices of Swift, Grand Vitara variant

Earlier this month, Maruti Suzuki had increased the prices of its Swift and Grand Vitara models. The price of Swift was raised by up to ₹25,000, while that of Grand Vitara Sigma variant by ₹19,000.

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Maruti Suzuki Q4 Results Live Update at 12:20 pm: Shares of the automaker were trading at ₹12,865, reflecting a decline of 0.44%, on the NSE. Intraday, the stock hit a high of ₹13,045.

Maruti Suzuki Q4 Results Live Update at 11:57 am: Maruti Suzuki India vehicles portfolio

• Dzire
• Swift
• Wagon R
• Alto K10
• Ignis
• Baleno
• Celerio
• Brezza
• Eeco
• Ertiga
• Ciaz
• XL6
• Invicto
• Jimny
• Grand Vitara
• Fronx
• eVX
• Omni

Maruti Suzuki Q4 Results Live Update at 11:24 am: According to a_ CNBC-TV18 poll_, Maruti Suzuki's revenue growth is expected to be in excess of 20%, while net profit is likely to rise more than 50% compared to the same quarter last year.

Maruti Suzuki Q4 Results Live Update at 10:48 am: Shares of the automaker were trading at ₹12,957.30, reflecting a gain of 0.27%, on the NSE. The stock opened at ₹12,922.

Maruti Suzuki Q4 Results Live Update at 10:16 am: Senior management

• RC Bhargava- Chairman
• Hisashi Takeuchi- Managing Director and CEO
• Kenichi Ayukawa- Director
• Kazunari Yamaguchi- Director (Production)
• Toshihiro Suzuki- Director
• Kenichiro Toyofuku- Director (Corporate Planning)
• Osamu Suzuki- Director
• Kinji Saito- Director
• DS Brar- Independent Director
• RP Singh- Independent Director
• Maheswar Sahu- Independent Director
• Lira Goswami- Independent Director

Maruti Suzuki Q4 Results Live Update at 9:45 am: F&O strategy: How to trade in Maruti Suzuki ahead of its Q4 results?

Maruti Suzuki has been trading between 13,000 and 12,000 for the past month, protecting its 20 DMA on a closing basis. In addition, based on the straddle price of the 30 May expiry, the options market is expecting ±6% movement.

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Maruti Suzuki Q4 Results Live Update at 9:22 am: Shares of Maruti Suzuki India were trading in the positive territory on Friday. At 9:21 am, the stock was trading at ₹12,973, up 0.43%, on the NSE.

Maruti Suzuki Q4 Results Live Update at 8:41 am: The automaker will announce its financial results today.

Maruti Suzuki Q4 results LIVE: Maruti Suzuki India will release its financial results for fourth quarter of fiscal year 2023-24 (Q4 FY24) on Friday, April 26.

Shares of the automaker on Thursday closed at ₹12,906.85, down 0.29%, on the National Stock Exchange (NSE).

In the year ending March 31, 2024, Maruti announced that it sold a record-breaking 2.1 million vehicles, up from 1.9 million in FY23.

Also read: Maruti Suzuki shares hit ₹13,000 for first time, stock up 26% YTD. What's driving the rally?

Other companies that will announced their results today include HCLTech, CNB Bank, Aditya Birla Sun Life AMC, Eveready Industries India, Shriram Finance, Utkarsh Small Finance Bank, New Delhi Television and SBI Life Insurance Co, Bajaj Finserv, Alstone Textiles (India), Abhijit Trading Co, Atul Ltd, Bajaj Holdings & Investment, Force Motors Ltd, Dolat Algotech Ltd, CIL Securities Ltd, LKP Finance, KSB Ltd, Mahindra Lifespace Developers, Paisalo Digital, Ponni Sugars (Erode), Mahindra Holidays & Resorts India Ltd and SBI Cards and Payment Services Ltd.