Maruti Suzuki Q4: The country’s largest auto maker company Maruti Suzuki has announced its results for the March quarter. Profit of the company declined by 9.7 percent in the March quarter. During this time the company has made a profit of Rs 1166.1 crore. While in the same quarter last year, Maruti had a profit of Rs 1291.7 crore. However, the company’s income during this period has been more than 32 percent. While presenting the results, the company has announced a dividend of Rs 45 per share to the investors. The company has said that it should be kept in mind that there was a decline in sales due to COVID-19.
Maruti’s income was Rs 24,024 crore
In the fourth quarter of March, Maruti Suzuki’s earnings were more than 32 percent. During this time the company had an income of Rs 24,024 crore. Whereas in the same quarter a year ago, Maruti had a revenue of Rs 18,199 crore.
On an annual basis, Maruti’s EBITDA in the fourth quarter increased from Rs 1546.3 crore to Rs 1991.4 crore. At the same time, EBITDA margin decreased from 8.5 percent to 8.3 percent from the same quarter last year.
The company’s gross profit margin was 26.1 percent in the fourth quarter, compared to 29.7 percent in the year-ago quarter. The company had a gross profit margin of 27.5 per cent in the December quarter of FY 2021.
Decrease in other income
Maruti Suzuki’s other income declined in the March quarter. During this period, the other income was Rs 89.8 crore, while the company’s other income was Rs 880.4 crore in the same quarter last year. At the same time, the tax expenditure of the company in the fourth quarter has been reduced from Rs 284 crore in the fourth quarter of last year to Rs 141.4 crore.
45 rupees per share dividend
Maruti Suzuki has announced a dividend of Rs 45 per share to shareholders in the March quarter. The company had sold 4,92,235 units in the fourth quarter, up 28 per cent year-on-year. During this period, the company sold 4,56,707 units in the domestic market, which was 26.7 percent higher on a yearly basis. In the fourth quarter, exports grew more than 44 percent year-on-year.