Maruti Suzuki share price gains over 2% after Q4 results; Should you buy, sell or hold the stock?
₹12,966 apiece on the BSE with its market capitalisation surpassing ₹4 lakh crore. Maruti Suzuki India, the largest passenger car manufacturer in India, reported a net profit of ₹3,878 crore in Q4FY24, registering a sharp growth of 48% from ₹2,623 crore in the corresponding period last year. The company’s revenue from operations during the quarter rose 19.3% to ₹38,235 crore from ₹32,048 crore, YoY.
Maruti Suzuki India surpassed the annual total sales milestone of 2 million units in FY24. Total sales volume during the March quarter increased 13% to 584,031 units from 514,927 units in the year-ago period. Read here: Maruti Suzuki Q4 Results: Revenue rises 19% YoY led by price hike & annual sales, dividend declared; 5 key highlights At the operational level, EBITDA rose 40% to ₹4,685 crore from ₹3,350 crore, while EBITDA margin improved by 170 basis points (bps) to 12.2%, compared to 10.5 %, YoY.
Most brokerages have increased Maruti Suzuki share price target after the release of Q4 results. Here’s what brokerages have to say about Maruti Suzuki share price and Maruti Suzuki Q4 results. Motilal Oswal Financial Services has marginally raised FY25-26 estimates by 2-4%.
It expects the company to continue to outperform industry growth in FY25. While the bulk of input cost benefits are likely to be behind, it expects Maruti Suzuki to post about 70 bps margin improvement to 12.5% in FY25, largely led by an improved mix. This would, in turn, drive a steady 13% earnings CAGR over FY24-26E.
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