2500% Dividend: Maruti Suzuki fixes payment date for highest-ever dividend - Check Details

Maruti Suzuki Dividend 2024: India's leading car manufacturer Maruti Suzuki India Limited on Friday said that its board of directors has recommended a final dividend of Rs 125 per equity share for the financial year  2023-24. The company has also fixed the payment date for this highest-ever dividend. Earlier, the company had declared a final dividend of Rs 90 in 2023.

"The Board of Directors at their meeting considered and recommended a final dividend aggregating INR 39,300 million i.e. INR 125 per share (Nominal value INR 5.00 per share) (previous year INR 27,187 million i.e. INR 90 per share) for the financial year 2023'24 which is subject to the approval of the members at the ensuing Annual General Meeting," the company said in an exchange filing. 

Maruti Suzuki Dividend 2024 Payment Date

Maruti Suzuki, the country's largest passenger carmaker, fixed September 3, 2024 as the payment date for the dividend, subject to the approval of the shareholders in the ensuing annual general meeting. 

"The date of payment of dividend is 3rd September, 2024 subject to the approval of the shareholders in the ensuing annual general meeting," it said.

Maruti Suzuki Q4 Results 2024

Meanwhile, Maruti Suzuki has reported a standalone net profit of Rs 3,877.8 crore for the January-March period. The quarterly net profit was up 47.8 per cent compared with the corresponding quarter a year ago. 

The auto giant registered revenue of Rs 38,234.9 crore for the March quarter, up 19.3 per cent on a year-on-year basis. 

According to Zee Business research, Maruti Suzuki India's fourth-quarter net profit was estimated at Rs 3,950 crore, revenue at Rs 38,700 crore, and margin 13 per cent. 

Maruti Suzuki India sold 5,84,031 vehicles during the quarter under review, up 13.4 per cent compared with the year-ago period. Out of those, sales in the domestic market were up 12.2 per cent 5,05,291 units, while exports grew 21.7 per cent to 78,740 units.