Maruti Suzuki Q4 Results: Net Profit Surges 51 Per Cent To Rs 1,875 Crore

Maruti Suzuki's consolidated total revenue from operations stood at Rs 26,749 crore, as against Rs 24,034 crore in the fourth quarter a year ago

Maruti's total vehicle sales in the quarter under review stood at 4,88,830 units, which is lower by 0.7 per cent compared to the same period last year. Image: Getty

Source : Getty

New Delhi: Maruti Suzuki India, India’s largest carmaker, on Friday logged 51.14 per cent rise in its consolidated net profit to Rs 1,875 crore in the fourth quarter (Q4) ended on March 31, 2022, the PTI reported.

According to the regulatory filing by Maruti Suzuki, the automaker had reported a consolidated net profit of Rs 1,241 crore in the same period of the previous financial year.

The company’s consolidated total revenue from operations stood at Rs 26,749 crore, as against Rs 24,034 crore in the fourth quarter a year ago, it added.

According to the report, the total vehicle sales in the quarter under review stood at 4,88,830 units, which is lower by 0.7 per cent compared to the same period previous year.

Maruti’s domestic sales were at 4,20,376 units, a decline of 8 per cent over that in Q4FY21, the company said.

A total 68,454 units were exported which is the highest ever in any quarter, the carmaker said.

For the fiscal year ended March 31, the company said its consolidated net profit stood at Rs 3,879 crore, as compared to Rs 4,389 crore in FY21, down 11.6 per cent.

The company added that consolidated total revenue from operations for FY22 was at Rs 88,329.8 crore, as against Rs 70,372 crore in FY21.

Maruti Suzuki sold a total of 16,52,653 vehicles during the year, up 13.4 per cent over the previous year, it said, adding domestic sales were at 14,14,277 units, up 3.9 per cent over FY20-21.

The company in a statement said, “Production during the year was impacted by shortage of electronic components by an estimated 2,70,000 vehicles, mostly domestic models, because of which there were pending customer bookings of about 268,000 vehicles at the end of the year.”

The first quarter also witnessed a disruption because of the the second Covid wave, Maruti added.