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Maruti Suzuki India, the nation’s largest automotive producer, clocked a web revenue of Rs 3,877.8 crore for the March quarter (This fall), marking a 47.8 per cent improve in comparison with the identical interval final yr. The rise in revenue was attributed to increased gross sales quantity and beneficial commodity costs. The corporate exceeded the milestone of two million items in complete annual gross sales for the primary time in fiscal yr 2023-24. Within the earlier yr, the web revenue was Rs 2,623.6 crore.
For the total fiscal yr 2023-24, Maruti Suzuki reported a web revenue of Rs 13,209.4 crore, a 64 per cent improve over Rs 8,049.2 crore in FY23. This was pushed by increased gross sales quantity, beneficial commodity costs, value discount efforts, and elevated non-operating earnings, as said in a regulatory submitting.
Maruti Suzuki continued to dominate as the highest exporter for the third consecutive yr, accounting for 41.8 per cent of complete passenger car exports from India. The corporate bought a complete of 21,35,323 autos through the yr, an 8.6 per cent improve over FY23. Home market gross sales reached 18,52,256 items, whereas exports totalled 2,83,067 items.
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Web gross sales for the fiscal yr stood at Rs 1,34,937.8 crore, a 19.9 per cent improve from Rs 1,12,500.8 crore in FY23.
Within the fourth quarter, Maruti Suzuki bought 5,84,031 autos, a 13.4 per cent improve over the identical interval the earlier yr. Home market gross sales reached 5,05,291 items, whereas export market gross sales stood at 78,740 items, marking a 21.7 per cent improve from the March quarter of FY23.
Web gross sales for the quarter amounted to Rs 36,697.5 crore, up from Rs 30,821.8 crore in the identical interval the earlier yr.
The corporate’s Board of Administrators really useful a file dividend of Rs 125 per share (face worth of Rs 5 per share), up from Rs 90 per share in FY23.
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