Maruti Suzuki to report Q4 results on this date
In late March, Maruti Suzuki India's market surpassed the Rs 4 lakh crore mark for the first time ever aided by a surge in its stock to a record high.
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Maruti Suzuki India, the country's largest carmaker, is all set to report its financial results for the fourth and final quarter of the financial year 2023-24 on April 26.
"Pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby intimate that a meeting of the board of directors of the company is scheduled to be held on Friday, the 26th April, 2024, to consider and approve, inter-alia, the audited financial results for the year ended on 31st March, 2024 and to recommend dividend, if any, on equity shares of the Company for the financial year 2023-24," according to a regulatory filing by the auto major on April 3.
Earlier on Wednesday, Maruti Suzuki India shares declined one per cent to end at Rs 12,428.8 apiece on BSE.
Maruti Suzuki shares have declined 2.3 per cent from a record high hit late last month.
On March 27, Maruti Suzuki India's market value reached the Rs 4 lakh crore mark for first time ever. On NSE, the Maruti Suzuki stock strengthened 2.5 per cent that day to Rs 12,560 per share, taking its market capitalisation to Rs 4,00,075.7 crore.
India becomes Suzuki's second market to cross 3 crore total manufacturing threshold
Meanwhile, Maruti Suzuki India's parent, Suzuki Motor Corporation, said on Wednesday that India had become the second country where its cumulative production crossed three crore units, reaching the milestone even faster than in its home nation.
"India has achieved accumulated automobile production of 3 crore units in India by the end of March 2024," Suzuki Motor Corporation said.
How Maruti Suzuki India performed in Q3FY24
Maruti Suzuki reported a standalone net profit of Rs 3,130 crore for the fiscal third quarter, up 33.1 per cent on a year-on-year basis.
Its quarterly revenue from operations increased 14.7 per cent to Rs 33,308.7 crore, according to a regulatory filing.
The company sold a total of 5,01,207 vehicles in the December quarter, up 7.6 per cent compared with the year-ago period. Read more on Maruti Suzuki India sales
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