Maruti Suzuki Q4 Results: PAT Jumps 64.1% YoY

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Maruti Suzuki, India's leading car manufacturer, unveiled its Q4 results on April 26, 2024, with a remarkable 48% jump in PAT vs Q4 FY’23. Q4 witnessed the sale of 584,031 vehicles, up by 16.5% from the previous quarter, contributing to FY2024's total sales volume of 2,135,323 units, an 8.6% increase from FY’23. Maruti's financial highlights include a 15.2% QoQ rise in net sales, Op. EBIT growth of 25.3%. The company's success is attributed to enhanced capacity utilization, cost-saving measures, and favorable commodity prices. With its stellar performance and strategic management, Maruti Suzuki is poised for sustained growth, backed by India's economic potential and the company's unwavering consumer trust.

Data Points: Q4 FY’24 

  1. Sales Volume (units): 584,031; Up by 16.5% QoQ
  2. Net Sales: ₹36697.5 crores; Up by 15.2% QoQ
  3. Op. EBIT: ₹3,956 crore, Up by 25.3% QoQ
  4. PAT: ₹3877.8 crores; Up by 23.9% QoQ


Maruti Suzuki, India's largest and most loved domestic car maker has once again been able to ride on better pricing and healthy sales. Maruti Suzuki Q4 results were announced on 26th April 2024, with a whopping 64.1% year-on-year increase in the net profit to ₹13,209.4 crores, beating market estimates. The Board has also recommended a final dividend aggregating ₹3.900 crore, that is a dividend of ₹125 per share for the fiscal year 2023-24.

During the fourth quarter, the company achieved sales of 5,84,031 vehicles, marking a notable increase of 16.5% compared to the 501,207 units sold in the previous quarter. Overall, in FY2024, the sales volume came to 2,135,323 units which is 8.6% more than 1,966,164 units in FY23.  

Explore:  Maruti Suzuki India Share Price Share Price

Maruti Suzuki Q4 Results: 5 Key Financial Highlights

  1. Net sales amounted to ₹36,697.5 crores, representing a 15.2% increase from Q3 FY24, which stood at ₹31,860 crores.
  2. The Operating Earnings Before Interest and Taxes (Op. EBIT) reached ₹3956 crores, showing a substantial 25.3% increase from Q3 FY24, which was ₹3156.2 crores.
  3. As of March 31, 2024, the total revenue amounted to ₹140932.6 crores, compared to ₹117522.9 crores as of March 31, 2023.
  4. Maruti Suzuki's Q4 results show a 15.2% QoQ increase in net sales, reaching ₹36697.5 crores in Q4 FY'24 from ₹31860 crores in Q3 FY'24.
  5. Maruti Suzuki Q4 results revealed on April 26, 2024, showcased a remarkable 47.8% surge in net profit against Q4 FY’23, reaching ₹3877.8 crores.

Additional Read129 Indian Companies to Release Q4 Results

Profitability Analysis

In Q4 of FY24, the company posted net sales of ₹36697.5 crores, marking an impressive surge of 15.2% from ₹31860 crores in Q3 of FY24. The Op. EBIT for the last quarter also saw robust growth, increasing by 25.3% to ₹3956 crores compared to ₹3156.2 crores in Q3 FY24. The company's total revenue at year-end, 31 March 2024 was pegged at ₹140932.6 crores, while it was ₹117522.9 crores on 31 March 2023. 

The car manufacturer attributed the margin surge to factors like enhanced capacity use and boosting efficiency. Cost-cutting initiatives further bolstered the company's profitability. Decreasing commodity prices eased production expenses, which further amplified margins. Additionally, increased non-operating income contributed positively, solidifying Maruti’s financial performance. 

Additional Read: Quarterly Results

Maruti Suzuki Q4 Results: Major Financial Metrics (in ₹ crores)

What the Future Holds for Maruti Suzuki?

 Maruti Suzuki India has proudly surpassed the 3 crore milestone in cumulative production since it started its operations in 1963. This achievement underscores its unparalleled leadership in the Indian automotive landscape. The future of Maruti Suzuki appears promising, fueled by two key factors: the relentless drive of the Indian populace to enhance both personal and national prosperity, and the nation's burgeoning economic growth potential. Further bolstered by Maruti Suzuki's adept management strategies, the company is poised for sustained success and continued growth in the automotive industry.

Additional Read: Annual Results


As one of the most loved and trusted brands in the country, Maruti Suzuki has shown robust performance in the FY 2023-24 final quarter. The Maruti Suzuki Q4 results reflect a 15.2% QoQ rise in net sales, which rose to ₹36697.5 crores in Q4 FY’24 from ₹31860 crores in Q3 FY’24.

Results for the Fourth Quarter and Full Year Ended March 31, 2024

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Frequently Asked Questions

What were the highlights of Maruti Suzuki Q4 results?

Answer Field

Maruti Suzuki's Q4 results showcased robust performance, with a notable increase in net sales and profitability. Additionally, there was a significant year-on-year rise in net profit, reflecting the company's strong financial performance.

How did Maruti Suzuki net sales perform in Q4?

Answer Field

Maruti Suzuki witnessed a commendable quarter-on-quarter rise in net sales during Q4, reaching ₹36697.5 crores compared to ₹31860 crores in Q3 FY'24.

What was the year-on-year growth in net profit for Maruti Suzuki in Q4?

Answer Field

Maruti Suzuki achieved an impressive 47.8% increase in net profit in Q4 against Q4 FY’23, totaling ₹3,877.8 crores, demonstrating the company's strong profitability.

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