New Delhi, January 29, 2025 – Maruti Suzuki India Limited (NSE: MARUTI, BSE: 532500) has announced its unaudited financial results for the third quarter and nine months ended December 31, 2024, reporting record-breaking revenue and profitability growth.
Key Financial Highlights (Q3 FY25 - Standalone)
- Total Revenue from Operations: ₹384,921 million, up from ₹333,728 million YoY.
- Total Income: ₹394,171 million, marking a 10.7% YoY growth.
- Profit Before Tax (PBT): ₹46,019 million, compared to ₹40,538 million YoY.
- Net Profit (PAT): ₹35,250 million, up from ₹31,300 million YoY.
- Earnings Per Share (EPS):
- Basic EPS: ₹112.12 (vs. ₹101.90 in Q3 FY24).
- Diluted EPS: ₹112.12 (vs. ₹101.90 in Q3 FY24).
Nine-Month Financial Overview (9MFY25)
- Total Revenue: ₹1,126,263 million (vs. ₹1,026,779 million in 9MFY24).
- Total Expenses: ₹1,012,410 million.
- Net Profit: ₹102,441 million, reflecting a solid 9.8% YoY growth.
- Total Comprehensive Income: ₹106,143 million, driven by investment portfolio performance and operational efficiency.
Operational and Strategic Insights
- Cost of Materials Consumed: ₹129,911 million.
- Employee Benefits Expense: ₹15,415 million.
- Depreciation & Amortization: ₹8,050 million.
- Finance Costs: ₹484 million.
Corporate & Compliance Updates
- Deferred Tax Liabilities Adjustment: The company remeasured its deferred tax liabilities, reflecting an ₹8,376 million increase due to changes in mutual fund tax regulations.
- Proposed Merger with Suzuki Motor Gujarat Private Limited: The Board approved an amalgamation scheme, subject to regulatory approvals.
- Audit Review: The Audit Committee and Board of Directors reviewed and approved the financial results on January 29, 2025, with an unmodified review report from Deloitte Haskins & Sells LLP.
