Maruti Suzuki India Q4 Results : The net profit of the country’s largest car manufacturing company Maruti Suzuki India jumped by 47.8 percent to Rs 3,877.8 crore in the fourth quarter of the last financial year 2023-24. The company’s profit has increased mainly due to strong sales and favorable prices. The net profit of the auto company in the same quarter of the financial year 2022-23 was Rs 2,623.6 crore. Maruti Suzuki said on Friday, “The company sold 20 lakh vehicles in the last financial year, which is the highest ever. The company remained the top exporter for the third consecutive year. Now its contribution to the total passenger vehicle exports from India is 41.8 percent.”
Shareholders will get dividend
The board of Maruti Suzuki India has recommended a year-end dividend of Rs 125 per share for the financial year 2023-24. This is the biggest dividend in the history of Maruti. Maruti Suzuki India has declared dividend 20 times since July 8, 2004. In the last 12 months, the company has declared an equity dividend of Rs 90 per share. At the current share price the company’s dividend yield is 0.71 percent. The company had given a dividend of Rs 90 in the year 2023 and Rs 60 in the year 2022.
What is the condition of Maruti Suzuki India’s shares?
Shares of Maruti Suzuki India closed with a decline on the Bombay Stock Exchange on Friday. The company’s shares closed at Rs 12,687.05, down 1.70 per cent or Rs 219.05. The 52 week high of this share is Rs 13,066.85. Whereas, 52 week low is Rs 8,470. The market cap of Maruti Suzuki India closed at Rs 3,98,884.12 crore on BSE on Friday.
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