Maruti Suzuki India posts 12.6% YoY growth in PAT in Q3

The Board of Directors of Maruti Suzuki India Limited today approved the financial results for the period Q3 (October-December) FY2024-25.

In Q3 (October-December) FY 2024-25 the company sold a total of 566,213 vehicles during the quarter. Sales in the domestic market were 466,993 units. The company exported 99,220 units, the highest ever in any quarter. The same period in the previous year saw total sales of 501,207 units comprising 429,422 units in domestic and 71,785 units in export markets.

During the quarter, the company registered highest-ever Net Sales of Rs 36,802 crore against Rs 31,860 crore in the same period the previous year.

The Net Profit for the quarter was Rs 3,525 crore, an increase of 12.6% over Rs 3,130 crore in Q3FY2023-24.

Highlights: 9M (April-December), FY 2024-25 The Company recorded its highest-ever nine monthly Sales Volume, Net Sales and Net Profit. The Company sold a total of 1,629,631 units during the period, a growth of 5% over 9MFY2023-24. Sales in the domestic market stood at 1,382,135 units and exports at 247,496 units.

The Company registered Net Sales of Rs 1,06,266 crore in 9MFY2024-25 as compared to Rs 98,240 crore in 9MFY2023-24.

The Company made a Net Profit of Rs 10,244 crore in 9MFY2024-25 as against Rs 9,332 crore in 9MFY2023-24.

The carmaker also approved the reappointment of Hisashi Takeuchi as Managing Director and Chief Executive Officer for a further period of three years with effect from 1st April, 2025 till 31st March, 2028.

The Board also recommended that Maheswar Sahu be re-appointed as an Independent Director for a further five years. 

In its BSE filing, the company also announced the scheme of amalgamation of Suzuki Motor Gujarat Private Limited, a wholly-owned subsidiary with Maruti Suzuki India
Limited, which was approved by the Board at 12:25 p.m.