Maruti Suzuki Q3 results: Maruti’s consolidated revenue from operations for the third quarter of the current fiscal year increased 14% YoY to Rs 31,844.7 crore.
Maruti Suzuki India Ltd. announced on Wednesday that its 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. In the same period last year, the company reported a net profit of Rs 2,406.1 crore. – Maruti Suzuki Q3 results
Maruti’s consolidated revenue from operations increased 14.4 percent YoY to Rs 31,860 crore in the third quarter of the current fiscal year. In the previous fiscal year, the company’s operating revenue was Rs 27,849.2 crore. Ebitda for the third quarter of fiscal year 24 was Rs 3,908 crore, with margins of 11.7%. Maruti Suzuki’s shares rose 2.83 percent to Rs 10239.70 on Wednesday after the company’s quarterly results were announced, giving it a total valuation of almost Rs 1.4 lakh crore. The last trading session saw the stock end at Rs 9957.25.
Maruti Suzuki reported a net profit of Rs 9,331.6 crore for the nine months that ended on December 31, 2023, a 72% YoY increase over the same period the previous year, when its net profit was Rs 5,425 crore. During the reviewed period, it generated operating revenue of Rs 98,240.3 crore, up 20.3% YoY. During the April–December 2023 period, Maruti sold 15,51,292 units in total, an increase of around 7% YoY. 13,46,965 units were sold domestically, while 2,04,327 units were exported. The company’s nine-month sales volume, net sales, and net profit were all at their best points ever.
