Maruti Suzuki announced a 48% increase in net earnings for the March 2024 quarter. Net profit increased to Rs 3,877.8 crore in the March 2024 quarter, compared to Rs 2623.6 crore in the March 2023 quarter. The firm's board recommended a final dividend of Rs 125 per share, the most it has ever paid. Revenue from operations increased by 19% to Rs 36,697.5 crore in Q4, compared to Rs 30,821 crore in the March 2023 quarter. Earnings per share for the automaker increased to Rs 123.34 in Q4 from Rs 86.85 in Q4 of FY23.

Sales volumes increased 13.4% to 584031 in the March 2024 quarter, compared to 514927 in the March 2023 quarter. Profit before tax increased 53.6% to Rs 49,978 crore in the fourth quarter, compared to Rs 32,548 crore in Q4 of FY23.

The findings were announced after market hours. The stock closed 1.70% lower at Rs 12,687 on the BSE.

On a yearly basis, revenue from operations increased by 20% to Rs 1,34,937.8 crore in FY24 from Rs 1,12,500.8 crore in FY23. Net profit increased by 64.10% to Rs 13209.4 crore in the last fiscal year, compared to Rs 8049.2 crore in FY23. Maruti's earnings per share jumped to Rs 431.08 in FY24 from Rs 266.46 in FY23.

Maruti Suzuki Chairman RC Bhargava stated, "A fourth unit at Suzuki Motor Gujarat will begin production by the end of this year." For the first time, the corporation hit the yearly total sales milestone of 2 million units in fiscal year 2023-24. The business remained the leading exporter for the third year in a row, accounting for 41.8% of total passenger vehicle exports from India, according to the report.