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Values in Rs. in  Crores

Maruti Suzuki Sep 23 Revenue as compared to Sep,22 Jumps by 23.8% to Rs.37073 Crore and Year on Year Profit flies by 78.2% to Rs.3764 Crore. Quarter to Quarter Revenue Surge by 14.6% and Q to Q Profit increases sharply by 49.1%

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Revenue Analysis:

Maruti Suzuki, has reported a revenue of Rs. 37073 Crore, which has flies by 14.6% as compared to previous quarter revenue of Rs. 32339 Crore. As compared to revenue of September-22, there is a increases sharply by 23.8% from Rs. 29943 Crore. to Rs. 37073 Crore.


Market Expectations V/s Actual

The Market Estimate of the Revenue was Rs.35530 Crore . Company's reported Revenue of Rs. 37073 is fairly in line with expectations.


Profit and Cost Analysis

Quarterly Profit has balloons by 78.2% to Rs.3764 Crore from Rs. 2113 Crore, when compared with year ago quarter results. In comparison with preceding quarter of June, 2023 , quarter profit has flies by 49.1% to Rs.3764 Crore from Rs. 2525 Crore. Net Profit % of the Company has remained at 10.2% compared to 7.8% in previous quarter and 7.1% in year ago quarter.


On analysis, it is observed that this Quarter's EBITDA (Operating Profit) Margin has increases to 13.0% from 9.2% as compared with June, 2023 quarter. The reason for the increases of EBITDA Margin is due to,

a) Cost of Sales has dwindle to 70.5% (Previous Quarter: 72.8%). Cost of Sales in absolute terms has grown from Rs. 23534 Crore to 26147 Crore.

b) Employee Cost has turndowns to 3.6% (Previous Quarter: 4.5%). Employee Cost in exact value has dwindle from Rs. 1469 Crore to 1319 Crore.

c) Other Expenses has slip to 12.9% (Previous Quarter: 13.5%). Other Expenses zooms from Rs. 4351 Crore to 4796 Crore.


The finance cost has turndowns from Rs. 46.5 Crore to 35.1 Crore by -24.5%.


Key Matrix:

Price to Earning (PE) ratio of the company is 32.81 as compared to the Industry PE of 34.42. PE is better placed which signifies that neither company is overvalue or undervalued. Companies Return on Equity (ROE) is 17.3% and Return of Capital Employed (ROCE) is 22.0%.


Share Price Movement:

The Return on Share Prices were -0.7% in past one month, 7.3% in 3 months, 20.0% in 6 months, 10.6% in 12 months, 40.8% in 24 months.


Summary:

To summarize, as compared to June'23, Revenue has surge by 14.6%. Gross Margin has zooms from 27.2% to 29.5%. EBITDA Margin has increases to 13.0% from 9.2%. and Net Profit After Tax Margin has flies to 10.2% from 7.8%.


The Brief of Quarterly Results is as follows:

Maruti Suzuki India Ltd.

Particulars (In Cr.)
Sep, 2023
Jun, 2023
Mar, 2023
Dec, 2022
Revenue
37073
32339
32060
29058
Cost of Goods Sold
26147
23534
23489
21108
Employee Cost
1319
1469
1118
1209
Other Expenses
4796
4351
4101
3904
EBITDA
4810
2985
3352
2837
Depreciation
794
748
740
711
Interest Expense
35
47
99
30
Other Income
867
1041
743
897
Profit B4 Excep. Items
4848
3231
3256
2994
Exception Items
0
-48
0
Net Profit Before Tax
4848
3231
3304
2994
Taxes
1084
706
633
602
Net Profit After Tax
3764
2525
2671
2392
Gross Margin %
29.50%
27.20%
26.70%
27.40%
Employee Cost %
3.60%
4.50%
3.50%
4.20%
Other Expense Cost %
12.90%
13.50%
12.80%
13.40%
EBITDA %
13.00%
9.20%
10.50%
9.80%
Net Profit After Tax %
10.20%
7.80%
8.30%
8.20%

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00:00 / 04:24

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00:00 / 04:07

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00:00 / 02:59
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