Maruti Suzuki Q3 Results: Net profit rises 13% YoY to Rs 3,525 crore, revenue up 16%

Maruti Suzuki, India's largest automaker, reported strong financial results for the third quarter of the fiscal year 2024-25, showcasing steady growth in revenue and profit despite market volatility.

Financial Performance

• Net Profit: Rs 3,525 crore, marking a 13 per cent year-on-year (YoY) increase from Rs 3,130 crore in Q3 FY24.
• Revenue from Operations: Rs 38,492 crore, up 16 per cent YoY compared to Rs 33,309 crore in the corresponding quarter last year.
• EBITDA: Rs 4,470 crore, reflecting a 14 per cent rise from Rs 3,907.9 crore in Q3 FY24.
• Profit Margins: Declined marginally to 11.6 per cent from 11.7 per cent in the previous year.

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Sales Performance

• Total Vehicle Sales: 5,66,213 units, up from 5,01,207 units in Q3 FY24.
• Domestic Sales: 4,66,993 units, rising from 4,29,422 units last year.
• Exports: Reached a record-high 99,220 units, a significant increase from 71,785 units in the same quarter last year.

Nine-Month Performance (April-December 2024)

• Total Sales Volume: 16,29,631 units, up 5 per cent YoY.
• Domestic Sales: 13,82,135 units.
• Exports: 2,47,496 units.
• Net Sales: Rs 1.06 lakh crore, compared to Rs 98,240 crore in the same period a year ago.
• Net Profit: Rs 10,244 crore, reflecting a 10 per cent increase from Rs 9,332 crore in the previous year.

Market Reaction

Despite strong results, Maruti Suzuki’s stock faced a slight dip, trading at Rs 12,010 on the Bombay Stock Exchange (BSE), down approximately 1.5 per cent from the previous day's close.

Maruti Suzuki continues to maintain its position as India’s top car manufacturer with steady revenue growth and record-breaking exports. However, minor declines in profit margins and stock performance suggest cautious investor sentiment amidst broader market movements. The company’s long-term growth trajectory remains robust, backed by strong domestic demand and expanding global outreach.