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Maruti Suzuki Q4FY23 PAT up 42.4% at Rs2,671cr on 47% growth in operating profits due to improved realizations

Apr 26, 2023

By: BlinkX Research Team

Maruti Suzuki reported 19.85% surge in total revenues for the March 2023 quarter on consolidated basis at Rs32,060cr. Maruti sold a total of 514,927 vehicles in the March quarter up 5.3% yoy. Domestic sales were up 7.1% while export sales were -5.5% lower yoy due to weak demand amidst global economic slowdown concerns.

For the full year FY23, Maruti sold 19,66,164 vehicles a growth of 19% on a yoy basis. Despite the global pressures, the company managed to touch record export volumes in the full year at 259,333 units. Operating profits for the full year stood at a healthy level of Rs8,184 crore. The operating profits were largely helped by improved volumes, favourable forex movement and better realizations in the market.

Financial highlights for Mar-23 compared yoy and sequentially

The net profits were higher by 42.4% yoy and largely helped by better realizations in the quarter as well as a more favourable flows on the forex account. The company has recommended dividend of Rs90 per share for FY23 as compared to Rs60 per share in FY22. The company is expanding its capacity by 1 million vehicles per annum.