Large Cap Auto Stock Declares 90/Share Dividend, Net Profit Soars 43%

India's leading carmaker, Maruti Suzuki India Ltd declared 43% rise in it standalone net profit to Rs 2623 crore for the quarter ended March 2023. Meanwhile, revenue from operations surged 20% YoY to Rs 32,048 crore for the March quarter. The large cap auto sector company's revenue from operations jumped 20% to Rs 32,048 crore from Rs 26,740 crore in Q4 FY 2022.

Dividend: Board of directors of Maruti Suzuki India also declared dividend of Rs 90 per share. According to the BSE filing of the company, "The Board of Directors recommended highest-ever dividend of INR 90 per share (face value of INR 5 per share) compared to INR 60 per share in FY 2021-22."

EBITDA:It is worth noting that the on the operating front, EBITDA rallied 38% to Rs 3,350 crore and margins improved 130 basis points on-year to 10.4%. Maruti Suzuki sold a total of 514,927 vehicles during the quarter, 5.3% higher compared to the same period previous year.

Production Capacity: When it comes to production capacity, the company said in the BSE filing, "In light of the estimated market demand including exports, the board in principle approved the creation of additional capacity of upto one million vehicles per year."

Stock Performance & Return: Current market price of Maruti Suzuki India is Rs 8503.15 per share with intraday gain of 0.26% on BSE. The stock's 52-week high price is Rs 9768.65 per share and 52-week low price is Rs 7062.65 per share, respectively. The company has a market capitalisation of Rs 2,56,863.21 crore. The stock surged 7% in last 1-year, 28% in last 2-years, and 68% in last 3-years. It witnessed a dip of 4% in last 5-years.

Disclaimer: The company declared dividend and Q4 results today. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.