The typical asking price of Maruti’s automobiles grew 6% y-o-y at Rs 6,35,665 in the December quarter.
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Maruti Suzuki India today reported a development of 33% year-on-year (y-o-y) in standalone net revenue at Rs 3,130 crore for the quarter ended December 2023 on the back of softening of product rates, enhanced capability utilisation, greater awareness and expense decrease efforts.
Maruti’s shares ended the day on the BSE at Rs 10,183.30 each, 2.27% greater than the previous close.
The net sales of the nation’s biggest carmaker increased 14% y-o-y at Rs 31,860 crore throughout the quarter under factor to consider. The overall income from operations increased 15% y-o-y at Rs 33,309 crore.
While profits before interest, taxes, devaluation and amortization (Ebitda) leapt 38% y-o-y at Rs 3,908 crore, the operating margin climbed up 198 basis points y-o-y at 11.73%.
| Details | Q3 FY24 | Q3 FY23 | Development (y-o-y) |
| Net sales | Rs 31,860 cr | Rs 27,849 cr | 14% |
| Overall income from operations | Rs 33,309 cr | Rs 29,044 cr | 15% |
| Ebitda | Rs 3,908 cr | Rs 2,833 cr | 38% |
| Ebitda margin | 11.73% | 9.75% | 198 bps |
| PAT | Rs 3,130 cr | Rs 2,351 cr | 33% |
Source – BSE
The general volume of Maruti increased 7% y-o-y at 5,01,207 systems in Q3 FY24. “Despite the little vehicle sector continuing to be suppressed, the business signed up sales of 4,29,422 systems in the domestic market. The business exported 71,785 systems, its highest-ever in any quarter,” Maruti stated in a main declaration.
The typical asking price (ASP) of Maruti’s lorries grew 6% y-o-y at Rs 6,35,665 in the December quarter.
| Details | Q3 FY24 | Q3 FY23 | Development (y-o-y) |
| Volume | 5,01,207 systems | 4,65,911 systems | 7% |
| ASP | Rs 6,35,665 | Rs 5,97,736 | 6% |
Source – BSE
Maruti’s board of directors authorized the acquisition of Suzuki Motor Gujarat (SMG) from Suzuki Motor Corporation (SMC) for an overall purchase factor to consider of Rs 12,841.1 crore throughout the quarter. In Q3 FY24, the business likewise experienced its highest-ever quarterly sales of CNG lorries at over 127,000 systems.
Throughout the nine-month duration from April to December 2023, Maruti accomplished a share of nearly 21% in the SUV section. The business provides SUVs like the Fronx, Brezza, Jimny and Grand Vitara
The carmaker crossed the yearly sales turning point of 20,00,000 systems for the very first time throughout a fiscal year (CY) in 2023 at 20,66,219 systems. It likewise experienced its highest-ever yearly exports at more than 2,69,000 systems.
Watson Murazik
Wilmer Bode
Isaac Tremblay