Maruti Suzuki PAT increases 10 per cent in Q4FY18

Maruti Suzuki reported results for the quarter ended March 31, 2018 on Friday.

The company’s standalone revenue for the quarter came in at Rs. 21,165.6 crore, registering marginal increase of 2 per cent yoy.

EBITDA for the quarter rose by 17.8 per cent yoy to Rs. 3,015 crore with a corresponding margin expansion of 191 bps. This was on account of higher sales volume and cost reduction efforts, which was partially offset by adverse commodity prices and higher advertisement expenses. EBITDA margin for the quarter stood at 14.2 per cent.

The PAT for the quarter came in at Rs. 1,882.1 crore, yoy increase of 10 per cent.

Looking at the full year numbers, we see that revenue jumped by 6 per cent to reach Rs.81,994.4 crore while EBITDA rose by 17 per cent to 12061.5 crore. Company reported net profit of Rs.7,721.8 crore, up 5 per cent yoy.

During Q4FY18, the company sold a total of 4,61,773 vehicle, a growth of 11.4 per cent over the same period of the previous year. Sales in the domestic market stood at 4,27,082 units, a growth of 11.6 per cent. Exports were stood at 34,691 units.

The board of directors have recommended a dividend of Rs. 80 per equity share for the face value of Rs. 5 each.

On Friday, the stock opened at Rs. 9,013 per share and touched an intra-day high and low of Rs. 9,142 and Rs. 8,721.10, respectively, on the BSE.