April 26th 2024.
In an impressive feat, Maruti Suzuki India Ltd, the country's top carmaker, has reported a significant 48% increase in its net profit for the first quarter of 2023-24, as compared to the same period last year. The company's latest financial report has certainly garnered attention, with a whopping net profit of Rs 3,878 crore. This remarkable achievement has been attributed to its strong performance in the market.
Not only has the company achieved a record-breaking net profit, but it has also declared its highest-ever dividend of Rs 125 per share. This news has surely pleased its shareholders and investors. In fact, the car giant has achieved its highest revenue of Rs 38,235 crore in the fourth quarter, further solidifying its position as a market leader.
According to a statement released by the company, Maruti Suzuki has also achieved its highest-ever annual sales volume of 2 million units. This remarkable feat has been possible due to its exceptional performance in both domestic and international markets. The company's exports and net profit have also reached an all-time high, further showcasing its strong position in the industry.
In a statement, Maruti Suzuki's chairman RC Bhargava expressed his confidence in the future of the company and the economy as a whole. He believes that the upcoming government, which will take office in less than two months, will drive the economy to unprecedented levels. This positive outlook is a testament to the company's strong leadership and its commitment to growth and success.
Despite its impressive financial performance, the company's shares on the Bombay Stock Exchange saw a slight dip of 1.26% on Friday as compared to the previous day. However, it still settled at a respectable Rs 12,760 per share. This dip is likely due to market fluctuations and should not be a cause for concern for investors.
In conclusion, Maruti Suzuki India Ltd's latest financial report is a testament to its success and dominance in the automotive industry. With record-breaking profits and strong sales volumes, the company has set a high standard for itself and is poised for even greater achievements in the future.
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