Maruti Suzuki Q4FY19 result - key takeaways: From sales, profit to revenue - all details here in brief
Post Q4FY19 announcement, Maruti Suzuki share price ended at Rs 6868.05 per piece, down by Rs 156.30 or 2.23%. The company also hit an intraday low of Rs 6865.
The largest carmaker in India, Maruti Suzuki in its Q4FY19 result, saw a decline of 4.59% in net profit to Rs 1,795.6 crore during Q4FY19, compared to Rs 1,882.1 crore in the corresponding period of previous year. Interestingly, Q4FY19 PAT jumped a huge 20.56% as against Rs 1,489.3 crore recorded in Q3FY19. However, Maruti's revenue from operations was at Rs 21,459.4 crore in Q4FY19 up by 1.38% versus Rs 21,165.6 crore in Q4FY18 and 9.10% from Rs 19,668.3 crore in Q3FY19. On BSE, Maruti Suzuki's share ended at Rs 6868.05 per piece down by Rs 156.30 or 2.23%. The company has also touched an intraday low of Rs 6865 per piece. Here's a list of key pointers from Maruti's result:
Maruti sold a total of 428,863 units in the domestic market, a growth of 0.4%. This comprised 421,383 units in the passenger vehicle segment, a decline of 0.4% and 7,480 units of LCV, a growth of 83.6% over previous year. Exports were at 29,616 units.
Total Sales in the quarter stood at 458,479 vehicles, a decline of 0.7%.
During the Quarter, the Company registered Net Sales of Rs. 207,375 million, up by 0.7% over the same period previous year.
Maruti said, "This quarter was marked by adverse foreign exchange rates and commodity prices, higher depreciation and higher sales promotion expenses partially offset by cost reduction efforts."
The automaker sold a total of 1,753,700 units in the domestic market, a growth of 6.1%. This comprised 1,729,826 units in the passenger vehicle segment, a growth of 5.3% and 23,874 units of LCV, a growth of 138% over previous year. Exports were at 108,749 units.
Total Sales in the year stood at 1,862,449 vehicles, a growth of 4.7%.
Net sales stood at Rs 830,265 million in FY 2018-19, a growth of 6.3% over the same period previous year.
Net profit for the year stood at Rs 7,500.6 crore, lower by 2.9% compared to the same period previous year.
The Board of Directors recommended a dividend of Rs. 80/- per share of face value Rs. 5/- for 2018-19, the same as that of last year.
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