Maruti Suzuki India Full Year 2024 Earnings: EPS: ₹429 (vs ₹272 in FY 2023)

Simply Wall St

April 29, 2024

Maruti Suzuki India (NSE:MARUTI) Full Year 2024 Results

Key Financial Results

Revenue: ₹1.42t (up 21% from FY 2023).
Net income: ₹134.9b (up 64% from FY 2023).
Profit margin: 9.5% (up from 7.0% in FY 2023). The increase in margin was driven by higher revenue.
EPS: ₹429 (up from ₹272 in FY 2023).

revenue-and-expenses-breakdown — NSEI:MARUTI Revenue and Expenses Breakdown April 29th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Maruti Suzuki India Earnings Insights

In the last 12 months, the only revenue segment was Manufacturing, Purchase and Sale of Motor Vehicles, Components and Spare Parts contributing ₹1.42t. Notably, cost of sales worth ₹994.8b amounted to 70% of total revenue thereby underscoring the impact on earnings.Over the last 12 months, the company's earnings were enhanced by non-operating gains of ₹2.18b. Explore how MARUTI's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Auto industry in India.

Performance of the Indian Auto industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Maruti Suzuki India that you should be aware of before investing here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.