{"id":36240,"date":"2024-04-26T15:35:44","date_gmt":"2024-04-26T15:35:44","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/04\/26\/higher-sales-volume-pushes-up-maruti-suzuki-q4-profit-by-47-8-to-rs-3877-8-crore-times-of-india\/"},"modified":"2024-04-26T15:35:44","modified_gmt":"2024-04-26T15:35:44","slug":"higher-sales-volume-pushes-up-maruti-suzuki-q4-profit-by-47-8-to-rs-3877-8-crore-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/04\/26\/higher-sales-volume-pushes-up-maruti-suzuki-q4-profit-by-47-8-to-rs-3877-8-crore-times-of-india\/","title":{"rendered":"Higher sales volume pushes up Maruti Suzuki Q4 profit by 47.8% to Rs 3,877.8 crore &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"900\" src=\"https:\/\/i0.wp.com\/static.toiimg.com\/photo\/msid-109628188,imgsize-650945.cms?resize=1200,900&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Higher sales volume pushes up Maruti Suzuki Q4 profit by 47.8% to Rs 3,877.8 crore &#8211; Times of India\" title=\"Higher sales volume pushes up Maruti Suzuki Q4 profit by 47.8% to Rs 3,877.8 crore &#8211; Times of India\" \/><\/div>\n<div>NEW DELHI: <!-- -->Maruti Suzuki<!-- --> India on Friday reported a 47.8 per cent increase in <!-- -->net profit<!-- --> to Rs 3,877.8 crore for the March quarter, on the back of higher <!-- -->sales volume<!-- --> and favourable commodity prices.<br \/>The country&#8217;s largest car maker surpassed annual total sales milestone of 2 million units for the first time in 2023-24.<br \/>The company had posted a net <!-- -->profit<!-- --> of Rs 2,623.6 crore a year ago.<br \/>During the entire <!-- -->FY24<!-- -->, Maruti Suzuki India reported a net profit of Rs 13,209.4 crore, 64 per cent higher than Rs 8,049.2 crore in FY23, it said in a regulatory filing.<br \/>&#8220;The company was able to better its net profit on account of higher sales volume, favourable commodity prices, cost reduction efforts and higher non-operating income,&#8221; Maruti Suzuki India stated.<br \/>The company continued to be the top exporter for the third consecutive year, contributing 41.8 per cent of the total passenger vehicle exports from India, it added.<br \/>The company sold a total of 21,35,323 vehicles during the year, registering a growth of 8.6 per cent over FY23. Sales volume in the domestic market stood at 18,52,256 units and exports at 2,83,067 units.<br \/>Maruti Suzuki registered net sales of Rs 1,34,937.8 crore in FY24, a growth of 19.9 per cent over the net sales of Rs 1,12,500.8 crore in FY23.<br \/>During the fourth quarter, Maruti Suzuki sold 5,84,031 vehicles during the quarter, 13.4 per cent higher than the same period previous year.<br \/>The sales volume in the domestic market stood at 5,05,291 units in the quarter under review.<br \/>The sales volume in the export market was 78,740 units, 21.7 per cent higher than 64,719 units in the March quarter of FY23.<br \/>During the quarter, the company registered net sales of Rs 36,697.5 crore against Rs 30,821.8 crore in the same period of the previous year.<br \/>The Board of Directors of the company recommended highest-ever <!-- -->dividend<!-- --> of Rs 125 per share (face value of Rs 5 per share) compared to Rs 90 per share in FY23.<\/div>\n<p><script>!(function(f, b, e, v, n, t, s) 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