![Maruti](https://img.etimg.com/thumb/msid-109623001,width-210,height-158,imgsize-80941,resizemode-75/maruti.jpg)
The profit was higher than the Street estimate of Rs 3,046 crore. The Board has also recommended a final dividend of Rs 125 per share for the financial year 2023-24.
For the full financial year, the standalone profit after tax stood at Rs 13,209 crore, up over 64% YoY compared to Rs 8,049 crore reported in FY23.
The total revenue from operations for the entire financial year ended March 31, 2024, stood at Rs 1,40,933 crore vs Rs 1,17,523 crore which is a 20% YoY uptick.
The company which boasts of products like Baleno, Swift, and Invicto reported a Q4FY24 sales volume of 5,84,031 units against 5,14,927 units in the year-ago period, recording a 13% jump.
The company's margins improved on lower material costs in the January-March quarter of FY24, down by 190 bps over the corresponding quarter of the previous financial year.
Domestic volumes stood at 5,05,291 units, 12% higher on the YoY and accounted for 86.5% of the sales figure. The exports stood at 78,740 units, up 22% YoY, accounting for 13.5% of the sales.
Utility Vehicles (UVs) were Maruti's best-performing segment, which saw a 71.5% YoY jump while its mini, midsize, and light commercial vehicles (LCVs) recorded negative growth.
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