This leading automobile company reports a 42.38 per cent net profit in Q4 FY23!
For year-end company reported a two-fold jump in net profits.
Maruti Suzuki, the most popular automaker in India, released its financial results for the fourth quarter and the fiscal year that concluded on March 31 2023.
In comparison to the same quarter last year, the company's net profit for the fourth quarter that ended on March 31, 2023, increased by 42.38 per cent to Rs 2670.80 crore from Rs 1875.80 on a consolidated basis. Comparing the fourth quarter of FY23 to the same quarter in FY22, the company's total revenue climbed by 20.63 per cent to Rs 32802.50 crore from Rs 27191.90 crore.
The firm recorded an over two-fold increase in net profit for the year ended March 31 2023, from Rs 3,879.50 crore to Rs 8,211 crore on a consolidated basis. When compared to the year ended March 31 2022, the company's total revenue grew by 32.90 per cent to Rs 1,19,712 crore from Rs 90,074.50 crore during the year under review.
Yesterday the script was closed at Rs 8481.30, today it was opened at Rs 8510 and touched a high and low of Rs 8550 and Rs 8435.05, respectively at BSE. It closed around Rs 8503.15, So far 15,700 shares were traded on the counter. It has a 52-week high of Rs 9768.65 and a 52-week low of Rs 7062.65.
Maruti Suzuki India Limited is an Indian automobile manufacturer, it had a leading share in the passenger car market across India in the year 2022 with more than 46 per cent.