MARUTI SUZUKI
Maruti Suzuki India Limited is a subsidiary of the Japanese company Suzuki Motor Corporation. Maruti Suzuki is one of the leading passenger car manufacturer and seller in India who deals in every category starting from entry-level to top-end premium segment cars. Maruti Suzuki is famous for its iconic Maruti 800 which grew tremendously and made a huge customer base and extending its innovation and entering into several segments of cars catering to every section of people. The shareholding pattern of Maruti Suzuki is as follows: promoters with 56.37%, foreign institutional investors with 23.11%, domestic institutional investors with 15.08% and the public with 5.44%.
As per the release of Q4 results, the board of directors recommended a dividend of Rs. 45 per equity share. Also, for this quarter, Maruti Suzuki showed a decline of 9.7% in consolidated profit at Rs. 1,166.1 Cr. against Rs. 1,291.7 Cr. previous quarter. On the contrary, the revenue has increased to Rs. 24,034.5 Cr. against Rs. 23,471.3 Cr. showing an increase of 2.39%. Also, EBIT fell by 14.17% to Rs. 1,326.5 Cr. QoQ while showing gross-profit margin (GPM) falling by 140bps QoQ. On the other hand, there was an increase in the assets by 12.04%.
The Q4 results of Maruti Suzuki were satisfactory.
Source: https://www.bseindia.com/xml-data/corpfiling/AttachLive/d635169a-e845-4c23-be48-0a127e1d2a03.pdf
