Representational photograph
| Photo Credit: Reuters
Country’s largest carmaker Maruti Suzuki India Ltd. (MSIL). reported fourth-quarter internet revenue rose 47.8% to ₹3,877.8 crore in contrast with ₹2,623.6 crore within the year-earlier interval.
“This was on account of higher gross sales quantity, beneficial commodity costs, price discount efforts and higher non-operating earnings,’ the corporate stated in a submitting.
During the quarter, the in contrast registered a internet gross sales of ₹36,697.5 crore in opposition to ₹30,821.8 crore in the identical interval of the earlier 12 months. In the fourth quarter ended March 31, 2024, the corporate bought a complete of 5,84,031 autos, up 13.4% over the year-earlier interval. For FY24, the corporate reported internet revenue of ₹13,209.4 crore, up 64% in contrast with ₹8,049.2 crore in FY23.
For the 12 months, the corporate registered internet gross sales of ₹1,34,937.8 crore, up 19.9% over the earlier 12 months.
For the primary time, the corporate surpassed the annual complete gross sales milestone of 20 lakh items in FY24.
MSIL bought a complete of 21,35,323 autos throughout the 12 months, up 8.6% from the earlier 12 months.
The board has really useful the highest-ever dividend of ₹125 per share (face worth of ₹5 per share) in contrast with ₹90 per share in FY23. The firm’s share value declined 1.7% to ₹12,687.05 on the BSE on Friday.