maruti Q4 net slips 4% on cost to pay rs.135 dividend for FY25
Maruti Suzuki India Ltd reported its Q4 FY24 financial results, showcasing a 48% year-on-year increase in net profit to ₹3,878 crore, driven by higher sales volumes and favorable commodity prices. The company declared its highest-ever dividend of ₹125 per share for the fiscal year.
Revenue for the quarter stood at ₹38,235 crore, marking a 19% increase compared to the same period last year. Total vehicle sales in Q4 FY24 were 5,84,031 units, a 13.4% rise from the previous year. The company's domestic sales accounted for 5,05,291 units, while exports were at 78,740 units.
For the entire fiscal year FY24, Maruti Suzuki's standalone net profit increased by over 64% to ₹13,209 crore, and net sales rose by approximately 20% to ₹1,40,933 crore.
Looking ahead, Chairman R.C. Bhargava expressed optimism about achieving double-digit growth in the coming year, citing expectations of controlled inflation and potential interest rate reductions post-elections
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