Maruti Suzuki Q4 Results: Maruti Suzuki India on Wednesday reported a 42 per cent rise in consolidated net revenue to Rs 2,671 crore for the fourth quarter ended March 2023, pushed by higher sales, improved realisation and beneficial foreign exchange motion.
The nation’s largest carmaker logged a net revenue of Rs 1,876 crore within the January-March of 2021-22. Net sales in the course of the fourth quarter rose to Rs 32,060 crore in contrast to Rs 26,749 crore within the year-ago interval, Maruti Suzuki India (MSI) stated in a regulatory submitting.
For your complete 2022-23, MSI posted a consolidated net revenue of Rs 8,211 crore in opposition to Rs 3,879 crore in 2021-22. Net sales final fiscal stood at Rs 1,17,571 crore in opposition to Rs 88,330 crore in 2021-22.
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The firm stated its board has permitted the creation of a further capability of up to 10 lakh automobiles per yr to cater to the estimated market demand, together with exports. In the fourth quarter, the corporate stated, it offered a complete of 5,14,927 automobiles, higher by 5.3 per cent year-on-year.
In the January-March interval, the sales within the home market stood at 4,50,208 models, up 7.1 per cent in opposition to Q4 FY22. The sales within the export market stood at 64,719 models in contrast to 68,454 models within the March quarter of FY22, the auto main stated.
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In 2022-23, the corporate stated, it offered a complete of 19,66,164 automobiles, regardless of lacking manufacturing of about 1,70,000 models due to a scarcity of digital elements. This translated to a progress of 19 per cent over FY2021-22 sales quantity of 1,652,653 automobiles, it added.
The sales quantity within the yr comprised 17,06,831 models within the home market and the highest-ever exports of two,59,333 models, MSI stated.
The firm’s board really useful the highest-ever dividend of Rs 90 per share in contrast to Rs 60 per share in FY 2021-22. Shares of the corporate closed 0.26 per cent up at Rs 8,503.15 apiece on the BSE.
