Maruti Suzuki India Financial Results: Maruti Suzuki has announced excellent financial results. During the fourth quarter (Q4FY24) of the financial year 2023-24, the company’s net profit increased by 47.8 percent to Rs 3,877.8 crore. The company says that the increase in sales volume and softening of commodity prices are the main reasons for this increase in profit. The country’s largest car manufacturing company has also said that during the financial year 2023-24, it has crossed the milestone of selling more than 20 lakh vehicles in a year for the first time. At the time of closing of trading on Friday, the price of one share of Maruti Suzuki on BSE was Rs 12,687.05, which is 1.7 percent less than the closing price a day earlier.
Country’s top exporter for the third consecutive year
Maruti Suzuki India has told the stock exchange in a regulatory filing that its standalone net profit during the quarter ending March 31, 2024 stood at Rs 3,877.8 crore, compared to Rs 2,623.6 crore in the same period last year. Accordingly, a jump of 47.8 percent has been recorded in the net profit of the company. Along with this, the company has also said that during the financial year 2023-24, it has not only made a record of selling 20 lakh vehicles in a year for the first time, but has also remained the country’s top exporter for the third consecutive year. Maruti Suzuki India’s contribution to the total export of passenger vehicles from India is 41.8 percent.
(This news is being updated)
