Riding on record sales, Maruti’s Q4 profit jumps 48% to Rs 3,878 cr

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The countrys largest passenger carmaker Maruti Suzuki India Limited on Friday reported the highest-ever net profit of Rs 3,878 crore for the quarter ending March 31, 2024, which was up by 48 per cent year-on-year (YoY) from Rs 2,624 crore reported in the same period in 2022-23...

In FY2023-24, the countrys largest carmaker sold two million cars, marking the companys highest-ever unit salesIt also reported a 64% jump in net profit to a record Rs 13,209.4 cr..

During the quarter, the company registered net sales of Rs 36,697.5 crore against Rs 30,821.8 crore in the same period of the previous financial year..

For the entire fiscal (2023-24), the automaker achieved a net profit of Rs 13,209.4 crore, 64 per cent higher than the net profit of Rs 8,049.2 crore in FY2022-23...

The company registered net sales of Rs 1,34,937.80 crore in FY2023-24, a growth of 19.9 per cent over the net sales of Rs 1,12,500.8 crore in FY2022-23...

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