Maruti Suzuki India, the nation’s largest automobile producer, clocked a internet revenue of Rs 3,877.8 crore for the March quarter (This autumn), marking a 47.8 per cent improve in comparison with the identical interval final 12 months. The rise in revenue was attributed to increased gross sales quantity and beneficial commodity costs. The corporate exceeded the milestone of two million items in complete annual gross sales for the primary time in fiscal 12 months 2023-24. Within the earlier 12 months, the web revenue was Rs 2,623.6 crore.
For the total fiscal 12 months 2023-24, Maruti Suzuki reported a internet revenue of Rs 13,209.4 crore, a 64 per cent improve over Rs 8,049.2 crore in FY23. This was pushed by increased gross sales quantity, beneficial commodity costs, price discount efforts, and elevated non-operating earnings, as acknowledged in a regulatory submitting.
Maruti Suzuki continued to dominate as the highest exporter for the third consecutive 12 months, accounting for 41.8 per cent of complete passenger car exports from India. The corporate offered a complete of 21,35,323 automobiles in the course of the 12 months, an 8.6 per cent improve over FY23. Home market gross sales reached 18,52,256 items, whereas exports totalled 2,83,067 items.
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Web gross sales for the fiscal 12 months stood at Rs 1,34,937.8 crore, a 19.9 per cent improve from Rs 1,12,500.8 crore in FY23.
Within the fourth quarter, Maruti Suzuki offered 5,84,031 automobiles, a 13.4 per cent improve over the identical interval the earlier 12 months. Home market gross sales reached 5,05,291 items, whereas export market gross sales stood at 78,740 items, marking a 21.7 per cent improve from the March quarter of FY23.
Web gross sales for the quarter amounted to Rs 36,697.5 crore, up from Rs 30,821.8 crore in the identical interval the earlier 12 months.
The corporate’s Board of Administrators really useful a document dividend of Rs 125 per share (face worth of Rs 5 per share), up from Rs 90 per share in FY23.
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