Maruti Suzuki India, the country’s largest car maker, on Friday reported a 47.8 per cent rise in its net profit to Rs 3,877.8 crore for the fourth quarter ended March 31, 2024, on account of higher sales volume and favourable commodity prices. Its consolidated revenue from operations during January-March 2024 stood at Rs 38,471.2 crore, which is higher than the Rs 32,213.5 crore reported in the year-ago period.
The auto major had reported a net profit of Rs 2,623.6 crore in the year-ago period, Maruti Suzuki India said in a regulatory filing.
“For the first time, the company surpassed annual total sales milestone of 2 million units in FY24. The company continued to be the top exporter for the third consecutive year, now contributing 41.8 per cent of total passenger vehicle exports from India,” the company stated.
Maruti Suzuki shares were trading at Rs 12,687.05 apiece at the day’s close, down 1.7 per cent from its previous close on the BSE.
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