Maruti Suzuki Q4 Results 2024: Company earned Rs 13,209 crore, know how many vehicles were sold
Maruti Suzuki Q4 Results 2024: The profit of India’s largest car manufacturer Maruti Suzuki has increased by 48%. The company has released the results for the fourth quarter (January-March) of the financial year 2023-24. The company said that it has made a profit of Rs 3877 crore in this quarter. In the same quarter a year ago, the company had made a profit of Rs 2,632 crore. Read More – Gold-Silver Price: Gold and silver prices have fallen, know what is the latest rate.
At the same time, the profit after tax for the entire financial year has increased by 64 percent to Rs 13,209 crore. A year ago i.e. in the financial year 2023 it was Rs 8,049 crore. Maruti has announced a dividend of Rs 125 per share to its shareholders. Companies give some part of the profits to their shareholders, this is called dividend.
Maruti shares rose almost 50 percent in one year
Maruti’s results have been declared after the market closed. Shares of the company closed at Rs 12,760 today with a decline of Rs 162.50 or 1.26%. This stock has given returns of more than 20% in the last 6 months. The stock has increased by about 50% in a year.
4 reasons for increasing company’s profits
- The company sold the maximum number of vehicles in this financial year.
- Commodity prices did not increase much, they remained favourable.
- The company was successful in reducing costs.
- Increase in non-operating income of Maruti.
Maruti hiked prices twice this year
In January, Maruti Suzuki had increased the prices of all models by up to 0.45%. After this, on April 10, the prices of select variants of Swift and Grand Vitara Sigma were increased by Rs 25,000.
Maruti was owned by the Government of India in 1981
Maruti Suzuki was established on 24 February 1981 as Maruti Industries Limited under the ownership of the Government of India. In 1982, the company formed a joint venture ‘Maruti Suzuki India Limited’ with Suzuki Corporation of Japan.
The first budget car for Indians was the Maruti 800, launched in 1983. At an ex-showroom price of Rs 47,500, the company had enabled a large section of the country to buy the car. Maruti Suzuki has sold about 3 crore vehicles in the country in the last 40 years.