- Maruti Suzuki’s net income for the fourth quarter was 37.1 billion rupees, which is a 4.4% decrease compared to the previous year. Analysts had estimated it would be 38.57 billion rupees.
- The company’s revenue grew by 6.4% year-over-year, reaching 406.7 billion rupees, although it fell short of the 409.29 billion rupees expected by analysts.
- Total costs for the quarter increased by 8.6% from the previous year, amounting to 373.3 billion rupees.
- Raw material costs saw a significant rise of 20% year-over-year, totaling 144.7 billion rupees. This is well below the estimated 298.69 billion rupees.
- Employee benefit expenses rose by 15% to 15.7 billion rupees, which slightly surpassed the estimate of 15.65 billion rupees.
- Maruti Suzuki announced a dividend of 135 rupees per share, with the final dividend aggregating to 42.4 billion rupees.
- Analyst consensus on Maruti Suzuki consists of 38 buy ratings, 5 hold ratings, and 3 sell ratings.
A look at Maruti Suzuki India Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Maruti Suzuki India‘s future outlook appears promising based on the Smartkarma Smart Scores. The company has received solid scores across the board, reflecting positive indicators for its long-term performance. With a high Growth score of 5 and Momentum score of 5, Maruti Suzuki is likely to continue expanding and maintaining its market position with strong upward momentum.
Additionally, the company’s respectable scores in Value (3), Dividend (4), and Resilience (4) suggest a balanced financial standing and a commitment to shareholders. Maruti Suzuki’s collaboration with Suzuki of Japan to provide affordable vehicles for the Indian market underscores its dedication to meeting the needs of a wide customer base, positioning it well for sustained success in the automotive industry.
**Summary:** Maruti Suzuki India Limited, in partnership with Suzuki of Japan, is a leading manufacturer and exporter of automobiles, focusing on delivering affordable cars tailored to the average Indian consumer. The company’s strong Smartkarma Smart Scores reflect its robust growth potential, financial stability, and resilience in the market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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