Maruti Suzuki Q3 results: The consolidated net profit for the quarter that ended on December 31, 2023, increased by 33% year over year (YoY) to Rs 3,206.8 crore, according to a report released by Maruti Suzuki India Ltd on Wednesday. The company’s net profit for the previous year was reported to be Rs 2,406.1 crore.
At Rs 31,860 crore for the third quarter of the current fiscal year, Maruti’s consolidated revenue from operations increased 14.4% YoY. The business generated Rs 27,849.2 crore in operating revenue in the previous year. For the quarter, EBITDA for Q3FY24 was Rs 3,908 crore, with 11.7 percent margin.
Maruti Suzuki’s stock increased by 2.83 percent to Rs 10239.70 on Wednesday after the company’s quarterly results were released, fetching a valuation of over Rs 1.4 lakh crore. In the previous trading session, the share had settled at Rs 9957.25.
In its statement, Maruti Suzuki stated that it sold 5,01,207 cars overall during the quarter. “The company reported 429,422 units sold in the domestic market, despite the small car segment’s continued muted sales. It also stated that the number of cars exported was 71,785, the highest for any quarter.
For the nine months that concluded on December 31, 2023, Maruti Suzuki recorded a net profit of Rs 9,331.6 crore, a 72% YoY increase over the same period the previous year, when its net profit was Rs 5,425 crore. For the period under review, it reported operating revenue of Rs 98,240.3 crore, up 20.3% year over year.
From April to December 2023, Maruti sold 15,51,292 units in total, a YoY increase of roughly 7%. Sales of 2,04,327 units were exported, while 13,46,965 units were sold domestically. The company’s nine-month sales volume, net sales, and net profit were all at an all-time high.
