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Business News/ Companies / Maruti Suzuki Q4 Results Updates: Net profit rises 48% YoY to 3,878 crore, announces dividend of 125 per share

Maruti Suzuki Q4 Results Updates: Net profit rises 48% YoY to ₹3,878 crore, announces dividend of ₹125 per share

Maruti Suzuki Q4 Results Updates: The auto major reported 48% jump in its net profit to 3,878 crore for Q4 FY24. Meanwhile, revenue stood at 38,235 crore in the three months ended March 31.The company further announced highest ever highest-ever dividend of 125 per share. 

Maruti Suzuki Q4 results FY24 (REUTERS)Premium
Maruti Suzuki Q4 results FY24 (REUTERS)

Maruti Suzuki India Q4 Results Updates: Maruti Suzuki India, the largest passenger car manufacturer in the country, announced its fourth quarter financial results (Q4FY24) on April 26. The carmaker posted a 48% year-on-year increase in its net profit to 3,878 crore, beating market estimates.

Meanwhile, the company posted revenue from operations for the fiscal year ending on March 31, 2024, amounted to 1,40,933 crore, marking a 20% year-over-year increase from 1,17,523 crore.

The Board has additionally proposed a year-end dividend of 125 per share for the fiscal year 2023-24.

Track the latest updates on Maruti Q4 result and Maruti share price here

26 Apr 2024, 05:21:15 PM IST

Maruti Q4 Results Live: R.C. Bhargava, chairman of Maruti Suzuki, said

Maruti Q4 Results Live: "We expect the rail transportation of cars to increase rapidly in the coming years. I strongly believe that the new government which is coming up in less than 2 months will propel the economy to phenomenal levels."

26 Apr 2024, 05:15:11 PM IST

Maruti Q4 Results Live: UV was top-performing segment in Q4 

Maruti Q4 Results Live: Maruti's utility vehicles (UVs) emerged as the company's top-performing segment, witnessing a remarkable 71.5% year-on-year surge, whereas its mini, midsize, and light commercial vehicles (LCVs) experienced a decline in growth.

26 Apr 2024, 05:01:45 PM IST

Maruti Q4 Results Live: Net profit rose 64% for the full year

Maruti Q4 Results Live:  The company achieved a net profit of 132,094 million in FY2023-24, 64% higher than the net profit of 80,492 million 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.

26 Apr 2024, 04:48:10 PM IST

Maruti Q4 Results Live: Surpassed annual total sales milestone of 2 million units 

Maruti Q4 Results Live: For the first time, the company surpassed annual total sales milestone of 2 million units in FY2023-24. The company continued to be the top exporter for the 3rd consecutive year, now contributing 41.8% of total passenger vehicle exports from India.

26 Apr 2024, 04:30:44 PM IST

Maruti Q4 Results Live: EBITDA jumped over 40% YoY

Maruti Q4 Results Live: On the operational front, the EBITDA surged by 40% year-over-year to 4685 crore in the March quarter compared to 3344 crore in Q4 FY23. 

The EBITDA margins for Q4 FY24 were at 12.25%, up from 10.44% in the same period last year. Improvement in the margins were primarily seen due to improved capacity utilization, cost reductions, and decreased commodity prices.

26 Apr 2024, 04:20:29 PM IST

Maruti Q4 Results Live: Net sales  grew over 20%

Maruti Q4 Results Live: The company registered net sales of 1,349,378 million in FY2023-24, a growth of 19.9% over the net sales of 1,125,008 million in FY2022-23.

26 Apr 2024, 04:08:16 PM IST

Maruti Q4 Results Live: Company registers highest-ever annual sales volume, exports, net sales and net profit

Maruti Q4 Results Live: Maruti Suzuki 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.

26 Apr 2024, 04:03:36 PM IST

Maruti Q4 Results Live: India's largest carmaker announces interim dividend

Maruti Q4 Results Live: Carmaker announces highest-ever dividend of   125 per share (face value of 5 per share) compared to 90 per share in FY 2022-23.

26 Apr 2024, 03:58:20 PM IST

Maruti Q4 Results Live: Net profit rises 48% yoy at ₹3878 crore

Maruti Q4 Results Live: Net profit for the quarter was at 38,778 million, an increase of 47.8% over 26,236 million in Q4FY2022-23. This was on account of higher sales volume, favourable commodity prices, cost reduction efforts and higher non-operating income.

26 Apr 2024, 03:31:09 PM IST

Maruti Q4 Results Live: Maruti Suzuki shares trading 1.7% lower ahead of Q4 earnings

Maruti Q4 Results Live: The share price of Maruti Suzuki were trading 1.7 per cent lower on Friday's trading session at 12,701 on the National Stock Exchange ahead of its Q4 result announcement for FY24. Maruti stock hit intraday low to 12,660.

26 Apr 2024, 03:13:22 PM IST

Maruti Q4 Results Live: Here's all you need to know about latest management rejig of the automaker 

Partho Banerjee was elevated last month to become the next head of the marketing and sales division, according to news report. Tarun Aggarwal was also appointed Head of Engineering. Additionally, the automaker promoted Ram Suresh Akella to head of services and Sandeep Raina to head of product planning. Rajesh Uppal, who is presently the Head of HR & IT, was also promoted to the Member Executive Committee by the firm.

26 Apr 2024, 03:01:10 PM IST

Maruti Q4 Results Live: The automaker touched a milestone of manufacturing 3 crore cars cumulatively

According to news reports, Maruti Suzuki India achieved a noteworthy milestone by producing more than 3 crore automobiles in India overall. With barely 40 years and 4 months since the beginning of production in December 1983, this accomplishment has made it the fastest of all Suzuki manufacturing bases to attain this milestone.

26 Apr 2024, 02:39:00 PM IST

Maruti Q4 Results Live: The automaker reported a 10% rise in total sales at 1,87,196 units in March

Maruti Suzuki India reported a 10% rise in total sales to 1,87,196 units in March of this year, as opposed to 1,70,071 units sold in the same month previous year. In a statement, Maruti Suzuki India (MSI) stated that with record-breaking domestic sales of 1,793,644 units and record exports of 2,83,067 units, the company broke the 20 lakh unit year total sales milestone in 2023–2024. In the domestic market, passenger car sales increased by 15% to 1,52,718 units last month from 1,32,763 units in the same period previous year.

26 Apr 2024, 02:22:00 PM IST

Maruti Q4 Results Live: ICICI Securities expects 56% on year jump in PAT

As per report, for the March quarter, the domestic brokerage projects a 56% YoY increase in net profit, or 4,084.1 crore. This is a roughly 30% increase over the quarter ending in December. Operationally, Ebitda is expected to increase from 3,350.3 crore in Q4FY23 and 3,907.9 crore in Q3FY24 to 5,119.5 crore, a 53% YoY and 31% QoQ increase. Additionally, revenue is expected to grow by 17% QoQ and 22% Y-o-Y in Q4FY24.

26 Apr 2024, 02:03:59 PM IST

Maruti Q4 Results Live: Here's all you need to know about the automakers Manesar plant

Maruti Suzuki expanded the Manesar facility's annual manufacturing capacity by one lakh units earlier this month. The automaker expanded its three production units in Manesar, Haryana, by adding a car assembly line to Plant-A.

“We aim to nearly double our capacity to 4 million vehicles per annum over the next 7-8 years and this capacity addition of 100,000 vehicles per year is a step towards this goal. It will help us serve our customers faster and enhance our overall capability to manufacture up to 23.5 lakh units per annum," the company said in an exchange filing.

26 Apr 2024, 01:48:32 PM IST

Maruti Q4 Results Live: Kotak Institutional Equities expects Q4FY24 margin to improve sequentially

As per news reports, Kotak Institutional Equities predicts that revenue will rise by 20% YoY, driven by a 13% YoY increase in volumes and a 6% YoY increase in ASPs as a result of pricing hikes and a more varied product mix (with a greater proportion of SUVs). The brokerage anticipates that operating leverage benefits, commodities tailwinds, favourable currency, and fewer discounts in 4QFY24 would drive an increase in EBITDA margin of 170 basis points on a quarterly basis, to 13.5%.

26 Apr 2024, 01:30:47 PM IST

Maruti Q4 Results Live: Rationalisation of Hybrid taxation could trigger re-rating for Maruti Suzuki, says JM Financial

In a recent research, the brokerage expressed its belief that, in light of changing consumer preferences, sticking to a tech-neutral approach of concentrating on ICE, CNG, Hybrids, EVs, etc. at the same time will prove to be a wise course of action. According to media reports, Maruti Suzuki is continuing to use Toyota's hybrid technology for bigger SUVs and MPVs while also creating its own affordable "Series" hybrid solution for the small vehicle market. In the next two to three years, it intends to introduce five hybrid vehicles. 

We think Maruti Suzuki stands to gain the most from the rationalisation of hybrid taxes because it was an early adopter, said the brokerage. 

26 Apr 2024, 01:16:44 PM IST

Maruti Q4 Results Live: Maruti Suzuki looks at 3 lakh exports in FY25, 8 lakh by 2030 - Report

Maruti Suzuki India is optimistic that its exports would surpass 3 lakh units in FY25 as part of a steady ramp-up to reach the aim of up to 8 lakh units by 2030, according to a PTI news report, building on record exports in the previous fiscal year. 

Following Indian best practices, such as providing bank financing at dealerships, bolstering service facilities, and expanding parts availability to export markets, the company intends to introduce more models in its more than 100 countries of export markets while also improving its distribution network.

26 Apr 2024, 12:57:53 PM IST

Maruti Q4 Results Live: Maruti share price down over 1% ahead of Q4 numbers

Maruti share price down over 1% ahead of Q4. Although the broader trend remains positive, one should look for buying only on declines. The support is placed around 12,200-12,000, advised Ruchit Jain of 5paisa.

26 Apr 2024, 12:36:32 PM IST

Maruti Q4 Results Live: EBITDA to outpace the topline growth YoY, says Axis Securities

In its analysis, Axis Securities stated that it anticipates a 20.4% YoY gain in total revenue owing to greater overall unit sales, a stronger product mix, a higher absolute number of SUVs, and export sales. YoY, total units sold climbed by 13.4%. Exports, which increased 21% YoY, and SUV category sales, which increased 71.5% YoY, drove the growth. 

With a larger percentage of SUVs in the product mix, price increases made during the period, and tailwinds related to RM costs, EBITDA is expected to surpass YoY topline growth. Due to price increases, a richer product mix, favorable FX, and an RM tailwind over the last year, EBITDA margins are expected to expand 300 bps YoY (up 175 bps QoQ).

26 Apr 2024, 12:13:30 PM IST

Maruti Q4 Results Live: Prabhudas Lilladher prefers Maruti Suzuki in the Passenger Vehicle (PV) space, here's why

The brokerage stated that it favors Maruti in the PV space due to the following factors: 1) industry-leading volume growth (which could help regain some of the lost market share); 2) multiple successful product interventions in the SUV space; 3) opportunities for margin improvement (from operating leverage, cost reduction, and superior mix); and 4) improvement in rural demand. The business intends to introduce its first electric vehicle (EV) model in FY25.

 "Considering this, we increase our estimates and forecast its revenue/EBITDA/PAT to grow at a CAGR of 10.2%/16.4%/13.5% respectively. We maintain “Buy" with a target price of 14,350, assigning it a PEx of 26x on its FY26E EPS," the brokerage said.

26 Apr 2024, 12:03:13 PM IST

Maruti Q4 Results Live: Here's all you need to know about the auto makers recent price hikes across models

Starting on April 10, Maruti Suzuki raised the price of several Grand Vitara versions including its best-selling vehicle, the Swift. As per the notification made by the firm, there has been a price rise of up to 25,000 for Swift and 19,000 for the Grand Vitara's Sigma model.

This is Maruti Suzuki's second price increase for its vehicles. The business raised prices earlier in January as well. No explanation for the price increase was provided in the company's statement.

26 Apr 2024, 11:48:08 AM IST

Maruti Q4 Results Live: HDFC Securities continues to maintain 'Buy' rating on Maruti Suzuki

The brokerage claims that in Q4, the auto sector has outperformed the Nifty 50, mostly due to a strong surge in some 2W and PV stocks. It continue to maintain our BUY rating on Maruti Suzuki as it expect it to continue to outperform the UV segment, which would in turn help improve their performance.

26 Apr 2024, 11:26:59 AM IST

Maruti Q4 Results Live: Here's what Nomura India says about the automaker's Q4 result

According to news reports, Nomura India estimates Maruti Suzuki India's earnings to be 4,265 crore, up 63% year over year. Maruti Suzuki sales are expected to increase 21% YoY at 38,693 crore. Margin at this brokerage has increased by 347 basis points to 13.9%.

The brokerage anticipates 21% YoY revenue growth due to favorable mix and pricing increases, along with a 13% YoY increase in volumes. EBITDA margins rise by two hundred basis points. QoQ to 13.9% due to benign commodities, operating leverage, and reduced discounts.

26 Apr 2024, 11:08:01 AM IST

Maruti Q4 Results Live: Maruti Suzuki share price has gained over 25% so far in 2024

According to Rajesh Bhosale - Equity Technical and Derivative Analyst, Angel One, the heavyweight auto stock has outperformed this calendar year and has given more than 25% returns. Going ahead as well, we expect this performance to continue with an upmove backed by strong volumes. Traders are suggested to buy on dips with 12,200–12,400 as support and 14,000–15,000 as potential upmove. 

26 Apr 2024, 10:50:57 AM IST

Maruti Q4 Results Live: Here's why Motilal Oswal raises FY25 estimates EPS

According to the brokerage, volume growth of 13% YoY was driven by visible traction in UVs (71% YoY growth) even as entry-level models declined 28% YoY. The brokerage believes EBITDA margin likely to expand 110bp QoQ to 12.8%, due to stable RM costs, improved mix and operating leverage benefit. Motilal Oswal have raised FY25E EPS by 9% to account for higher volumes and better mix.

26 Apr 2024, 10:30:02 AM IST

Maruti Q4 Results Live: Here are some of the key things to watch out for today

According to Amit Goel, Co-Founder and Chief Global Strategist at Pace 360, the key thing to watch out for is demand prognosis, particularly for the entry-level market, where sales may decline. 

Maruti is expected to see its fiscal fourth-quarter net profit rise to 3,916 crore, up almost 47 percent compared with 2,670 crore from the year-ago period. Revenue from operations is expected to jump 21 percent to 38,772 crore compared with 32,060 crore. We expect that EBITDA will increase by 43% YoY to 5,047 crore.

26 Apr 2024, 10:07:14 AM IST

Maruti Q4 Results Live: Maruti share price opens with marginal gains

Maruti share price traded early morning today with gains of 121.4, or 0.94%, at 13,027.5. Maruti is expected to announce it January-March 2024 quarter result today during market hours.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.

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