Maruti Suzuki Q3 Results: Profit Rises 13% to Rs 3,525 Crore, Revenue Surges 16% to Rs 38,492 Crore
Maruti Suzuki India Ltd., the country's largest carmaker by volume, has reported its financial results for the third quarter of fiscal year 2025 (Q3 FY25), demonstrating growth and meeting analyst expectations. The company's performance was bolstered by a revival in rural demand, which propped up small car sales.
Financial Performance Overview
For the quarter ended December 31, 2024, Maruti Suzuki reported a standalone net profit of Rs 3,525 crore, a 12.6% increase from the same period last year. Revenue for the quarter rose by 15.6% to Rs 38,492 crore. These results aligned with analyst estimates.
Key Financial Highlights (Standalone, YoY)
- Revenue: Increased by 15.6% to Rs 38,492 crore (Estimate: Rs 38,436 crore).
- EBITDA: Rose by 14.4% to Rs 4,470 crore (Estimate: Rs 4,504.6 crore).
- EBITDA Margin: Increased by 150 basis points to 11.6% (Estimate: 11.7%).
- Net Profit: Increased by 12.6% to Rs 3,525 crore (Estimate: Rs 3,604 crore).
Nine-Month Performance
For the nine months ended December 31, 2024, Maruti Suzuki's revenue grew by 8.3% year-on-year to Rs 1,11,226 crore. Standalone net profit for the period rose by 9.8% to Rs 10,244 crore.
Management Reappointment and Merger Approval
Hisashi Takeuchi has been reappointed as the Managing Director and Chief Executive Officer for a three-year term, effective April 1, 2025. Additionally, the board of directors has given in-principle approval to merge the wholly-owned subsidiary, Suzuki Motor Gujarat Pvt., with Maruti Suzuki. This strategic move aims to simplify the group structure and enhance operational efficiencies. The paid-up capital and Maruti Suzuki's investments in Suzuki Motor Gujarat now stand extinguished, with no change in the shareholding pattern.
As of March 31, 2024, Maruti Suzuki had total revenue from operations of Rs 1,40,932 crore, compared to Rs 39,406 crore for Suzuki Motor Gujarat. The net assets stood at Rs 89,982 crore and Rs 12,886 crore, respectively.
Maruti Suzuki's Q3 FY25 results reflect the company's continued growth and ability to meet market expectations. The strong performance, driven by a rural revival and operational efficiencies, positions the company well for the future.
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