Maruti Suzuki India Q4 Results: Stock falls after lower other income, higher taxes dent profit

Maruti Suzuki India Q4 Results: Stock falls after lower other income, higher taxes dent profit


Maruti Suzuki India Ltd., India’s largest passenger car manufacturer reported its March quarter results on Tuesday, April 28, which were in-line when compared to expectations.

Net profit for the period stood at ₹3,591 crore, a decline of 3% from last year’s figure of ₹3,711 crore. Maruti’s net profit was also lower than the CNBC-TV18 poll projection of ₹4,150 crore.

Maruti Suzuki’s other income stood at ₹500 crore , compared to ₹1,528 crore in the same quarter last year. The car manufacturer’s tax expense came in at ₹1,245 crore.

Maruti Suzuki’s profit declined due to a sharp drop in other income and a higher tax outgo, despite double-digit revenue growth.
Revenue for the quarter surged by 29% from last year to ₹52,449 crore. A CNBC-TV18 poll had pegged the topline growth at ₹51,161 crore.

Volumes grew 12% year-on-year and 1% sequentially, while realisations increased 15% year-on-year and 4% quarter-on-quarter.

Earnings Before Interest, Tax, Depreciation and Amortisation or EBITDA for the quarter stood at ₹6,157 crore growth of 44% from last year’s figure of ₹4,265 crore. The figure is marginally higher compared to the CNBC-TV18 poll of ₹6,142 crore.

EBITDA margin expanded by 120 basis points at the end of the fourth quarter to 11.7% from 10.5% in March last year. The CNBC-TV18 poll had projected the margin figure at 12%. Higher raw material costs also weighed on margins.

The Board of Maruti Suzuki also approved a final dividend of ₹140 per share for FY26.

Shares of Maruti Suzuki are trading 1.68% lower, seeing sharp price moves after the results announcement at ₹13,000. Shares are down 22% so far this year.



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