Maruti Suzuki India’s shares saw a notable increase on Thursday, August 1, after the company reported impressive financial results for the first quarter of fiscal year 2025. The stock rose by 3.8% to ₹13,622.3 on the National Stock Exchange (NSE) and gained 3% to ₹13,564 on the Bombay Stock Exchange (BSE).
Q1 FY25 Financial Highlights
- Profit After Tax: ₹3,650 crore, marking a 47% increase from ₹2,485 crore in the same period last year.
- Net Sales: ₹33,875 crore, compared to ₹30,845 crore a year ago.
- Vehicle Sales:
- Total vehicles sold: 521,868, a 5% increase year-on-year.
- Domestic sales: 451,308 units, up 4% from the previous year.
- Export sales: Increased by 12% to 70,560 units.
Key Factors
- Profit Growth: The increase in profit is attributed to cost reduction, favorable commodity prices, and foreign exchange gains.
- Discounts: Average discounts per vehicle rose to ₹21,700 in Q1 from ₹14,500 in the previous quarter.
- Future Outlook:
- The company expects low single-digit growth for the fiscal year, in line with industry forecasts.
- Maruti Suzuki plans to introduce six electric vehicle models by 2031, with one model expected annually thereafter.
- Export growth is strong, with a target of achieving 300,000 exports this fiscal year.
Management Commentary
Rahul Bharti, Executive Director of Corporate Affairs, noted that despite higher discounts, the company’s performance remained robust due to strategic cost management and favorable external factors. He also highlighted growth in export markets such as the Middle East, Latin America, and Africa.
