<p>New Delhi: Maruti Suzuki India on Friday reported a 47.8 per cent increase in net profit to Rs 3,877.8 crore for the March quarter, on the back of higher sales volume and favourable commodity prices.</p>.<p>The country's largest car maker surpassed annual total sales milestone of 2 million units for the first time in 2023-24.</p>.Maruti Suzuki gets revised tax demand of Rs 2.5 crore.<p> The company had posted a net profit of Rs 2,623.6 crore a year ago.</p>.<p> During the entire FY24, Maruti Suzuki India reported a net profit of Rs 13,209.4 crore, 64 per cent higher than Rs 8,049.2 crore in FY23, it said in a regulatory filing.</p>.<p>"The company was able to better its net profit on account of higher sales volume, favourable commodity prices, cost reduction efforts and higher non-operating income," Maruti Suzuki India stated.</p>.<p>The company continued to be the top exporter for the third consecutive year, contributing 41.8 per cent of the total passenger vehicle exports from India, it added.</p>.<p> The company sold a total of 21,35,323 vehicles during the year, registering a growth of 8.6 per cent over FY23. Sales volume in the domestic market stood at 18,52,256 units and exports at 2,83,067 units.</p>.<p> Maruti Suzuki registered net sales of Rs 1,34,937.8 crore in FY24, a growth of 19.9 per cent over the net sales of Rs 1,12,500.8 crore in FY23.</p>.<p>During the fourth quarter, Maruti Suzuki sold 5,84,031 vehicles during the quarter, 13.4 per cent higher than the same period previous year.</p>.<p> The sales volume in the domestic market stood at 5,05,291 units in the quarter under review.</p>.<p> The sales volume in the export market was 78,740 units, 21.7 per cent higher than 64,719 units in the March quarter of FY23.</p>.<p> During the quarter, the company registered net sales of Rs 36,697.5 crore against Rs 30,821.8 crore in the same period of the previous year.</p>.<p> The Board of Directors of the company recommended highest-ever dividend of Rs 125 per share (face value of Rs 5 per share) compared to Rs 90 per share in FY23. </p>
<p>New Delhi: Maruti Suzuki India on Friday reported a 47.8 per cent increase in net profit to Rs 3,877.8 crore for the March quarter, on the back of higher sales volume and favourable commodity prices.</p>.<p>The country's largest car maker surpassed annual total sales milestone of 2 million units for the first time in 2023-24.</p>.Maruti Suzuki gets revised tax demand of Rs 2.5 crore.<p> The company had posted a net profit of Rs 2,623.6 crore a year ago.</p>.<p> During the entire FY24, Maruti Suzuki India reported a net profit of Rs 13,209.4 crore, 64 per cent higher than Rs 8,049.2 crore in FY23, it said in a regulatory filing.</p>.<p>"The company was able to better its net profit on account of higher sales volume, favourable commodity prices, cost reduction efforts and higher non-operating income," Maruti Suzuki India stated.</p>.<p>The company continued to be the top exporter for the third consecutive year, contributing 41.8 per cent of the total passenger vehicle exports from India, it added.</p>.<p> The company sold a total of 21,35,323 vehicles during the year, registering a growth of 8.6 per cent over FY23. Sales volume in the domestic market stood at 18,52,256 units and exports at 2,83,067 units.</p>.<p> Maruti Suzuki registered net sales of Rs 1,34,937.8 crore in FY24, a growth of 19.9 per cent over the net sales of Rs 1,12,500.8 crore in FY23.</p>.<p>During the fourth quarter, Maruti Suzuki sold 5,84,031 vehicles during the quarter, 13.4 per cent higher than the same period previous year.</p>.<p> The sales volume in the domestic market stood at 5,05,291 units in the quarter under review.</p>.<p> The sales volume in the export market was 78,740 units, 21.7 per cent higher than 64,719 units in the March quarter of FY23.</p>.<p> During the quarter, the company registered net sales of Rs 36,697.5 crore against Rs 30,821.8 crore in the same period of the previous year.</p>.<p> The Board of Directors of the company recommended highest-ever dividend of Rs 125 per share (face value of Rs 5 per share) compared to Rs 90 per share in FY23. </p>