Maruti Suzuki India Ltd reported a 16% year-on-year increase in consolidated net profit, reaching Rs 3,727 crore for the third quarter of FY25. This exceeded analysts’ expectations, as a Moneycontrol poll had estimated a net profit of Rs 3,596 crore.
The company’s revenue for the quarter stood at Rs 38,764 crore, marking a 16% growth from the same period last year. However, this was slightly below analysts’ projections of Rs 38,838 crore.
Maruti Suzuki shares ceded earlier gains and entered into the red after the Q3 earnings report, and trading 0.9% lower on the NSE at Rs 12,015.
Maruti Suzuki posted its highest-ever quarterly net sales on a standalone basis at Rs 36,802 crore, up from Rs 31,860 crore in Q3 FY24. The standalone net profit increased 12.6 per cent year on year to Rs 3,525 crore from Rs 3,130 crore.
EBITDA for the quarter rose 14% at Rs 4,471 crore versus Rs 3,908 crore in the corresponding period of the previous fiscal. EBITDA margin was at 11.6% against 11.7% a year ago.
Despite concerns over increasing discounts and higher promotional expenses, the impact on margins was limited due to a better product mix, higher average selling prices, and operating efficiency. Total vehicle sales for the quarter at 5,66,213 units, up from 5,01,207 units sold in the year-ago period.
Domestic sales stood at 4,66,993 units, while exports stood at a record 99,220 units. It is Maruti Suzuki’s highest-ever exports in a single quarter. The company reported an all-time high nine-month sales for April-December of FY25 with total sales of 16,29,631 units, representing 5% over last year. Domestic sales were 13,82,135 units, while exports stood at 2,47,496 units.
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Source: Moneycontrol
News Desk
