Maruti Suzuki India Ltd's Q4 FY25 standalone net profit fell 4.3 percent year-on-year to Rs 3,711 crore, missing Street expectations. According to a Moneycontrol poll of brokerage analysts, the automobile major's net profit was estimated to fall 1 percent to Rs 3,852 crore. India's largest four wheeler maker also announced a final dividend of Rs 135 per share for the fiscal year 2024-25.
Maruti Suzuki's revenue from operations rose 6.4 percent to Rs 40,674 crore in the March quarter, compared to Rs 38,235 crore in the same period last year.
However, its operating performance showed signs of strain, with EBITDA declining 9 percent year-on-year to Rs 4,264 crore from Rs 4,685 crore a year ago. EBITDA margin shrunk by 150 basis points to 10.5 percent in Q4 FY25, down from 12.3 percent in Q4 FY24.
The Moneycontrol poll of brokerages had suggested that Maruti Suzuki's Q4 margins could face pressure due to higher advertising spending and discounts.
The automaker also recorded its highest ever annual total sales and exports during the financial year. "The company continued to be the top exporter for the 4th consecutive year, now contributing nearly 43% of total passenger vehicle exports from India," it said in an exchange filing. The firm sold 604,635 units during Q4, the highest ever in any quarter.
The domestic sales of the company grew by 2.8 percent while exports grew by 8.1 percent, resulting in an overall growth of 3.5 percent. The automaker's domestic sales meanwhile stood at 519,546 units and exports at 85,089 units.
Maruti Suzuki noted that the domestic market growth was quite muted in FY25. "For the Company, a modest domestic sales growth of 2.7% was compensated by a healthy 17.5% export growth leading to an aggregate growth of 4.6% for the year," it added.
Also read: Reliance Industries Q4 Results Live
The company's shares fell today, continuing to drag post results announcement. It was trading at Rs 11,771 on NSE, down more than 1 percent from the previous close.
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