Maruti Suzuki India Q4 Results Live Updates: Maruti Suzuki India, the largest passenger car manufacturer in the country, will be reporting its fourth quarter financial results (Q4FY24) today. The Street anticipates that the top carmaker will report solid March quarter results, driven by increased sales and significant volume growth, following the trend of the last several quarters.
For the quarter that ended in December 2023, the company recorded a 33% increase in its consolidated net profit, coming in at ₹3,206.8 crore as opposed to ₹2,406.1 crore for the same time the previous year. The revenue for the quarter rose by 14.5% YoY to ₹33,512.8 crore from ₹29,251.1 crore in the previous year.
Today, the board of directors of the company, along with the Q4 FY24 results, will also recommend a dividend, if any, on equity shares of the company for the financial year 2023–24.
Track the latest updates on Maruti Q4 result and Maruti share price here
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, 10:07:14 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.
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