Conference Call with Maruti Suzuki India Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.
Cars & Utility vehicles manufacturer Maruti Suzuki India announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: The Company sold a total of 5,84,031 vehicles during the quarter, higher by 13.4% compared to the same period previous year. In the quarter, the sales volume in the domestic market stood at 5,05,291 units, up by 12.2% over that in Q4FY2023-24. The sales volume in the export market was at 78,740 units, a growth of 21.7% over exports of 64,719 units in Q4FY2022-23. During the quarter, the Company registered net sales of Rs 3,66,975 million against Rs 3,08,218 million in the same period of the previous year. Net profit for the quarter was at Rs 38,778 million, an increase of 47.8% over Rs 26,236 million in Q4FY2022-23. FY24 Financial Highlights: The Company sold a total of 21,35,323 vehicles during the year, a growth of 8.6% over that in FY2022-23. Sales volume in the domestic market stood at 18,52,256 units and exports at 283,067 units. The Company registered net sales of Rs 13,49,378 million in FY2023-24, a growth of 19.9% over the net sales of Rs 11,25,008 million in FY2022-23. The Company achieved a net profit of Rs 1,32,094 million in FY2023-24, 64% higher than the net profit of Rs 80,492 million in FY2022-23. Dividend: The Board of Directors recommended highest-ever dividend of Rs 125 per share (face value of Rs 5 per share) compared to Rs 90 per share in FY 2022-23. Result PDF