Maruti Suzuki Q4 FY25 Results: Profit Declines Marginally, Revenue Grows, Announces Record Rs.135 Dividend

Maruti Suzuki India, the largest carmaker in the country, reported a small year-on-year drop in its net profit for the fourth quarter of the 2024-25 financial year. Despite the slight decline in profit, the company saw strong revenue growth and declared its highest-ever dividend per share.

Q4 FY25 Financial Highlights

For the quarter ending on March 31, 2025, Maruti Suzuki posted a consolidated net profit of ₹3,911 crore. This represents a 1% decrease from ₹3,952 crore in the same period last year. Although the profit decreased slightly, the company’s total revenue grew significantly. In Q4 FY25, the revenue from operations rose by 6.4%, reaching ₹40,920 crore, up from ₹38,471 crore in the same quarter the previous year. However, this was just short of market expectations, which had estimated revenue at ₹40,929 crore.

On a sequential basis, the total revenue increased by 5.6%, rising from ₹38,764 crore in Q3 FY25 to ₹40,920 crore in Q4 FY25.

Earnings before interest, tax, depreciation, and amortisation (EBITDA) also showed a decline of 7.2% year-on-year, standing at ₹4,844 crore for the quarter. Along with the drop in EBITDA, the EBITDA margin also decreased to 12%, reflecting the challenges the company faced in maintaining its profit levels.

Full-Year Financial Overview

Looking at the full financial year 2024-25, Maruti Suzuki reported stronger growth in net profit. The company’s net profit for FY25 rose by 7.5%, reaching ₹14,500 crore, compared to ₹13,488 crore in FY24. Total revenue for FY25 also saw a healthy rise, increasing by 7.8% to ₹1,52,913 crore from ₹1,41,858 crore in FY24.

Record Dividend Announcement

One of the most significant announcements from Maruti Suzuki was the declaration of a final dividend of ₹135 per share. This is the highest dividend in the company’s history. With a face value of ₹5 per share, the total payout amounts to ₹4,244.4 crore for FY25. The dividend is still subject to approval from shareholders at the next annual general meeting (AGM).

Market Reaction

Despite the growth in revenue, Maruti Suzuki’s share price fell on the Bombay Stock Exchange (BSE) after the earnings announcement. The stock closed at ₹11,698, marking a drop of 1.65% on the day.

Insights from Maruti Suzuki’s Chairman

During the post-earnings press conference, RC Bhargava, Chairman of Maruti Suzuki, shared some key insights. He mentioned that domestic growth for Maruti in FY25 was around 3%. However, he expressed concern about the overall low automotive penetration in India. Bhargava also highlighted that the growth outlook for FY26 was not very promising, though Maruti is expected to outperform the industry average due to strong export performance. The company plans to increase its exports to 20% in FY26, which will play a major role in its growth.

Bhargava also pointed out that the high costs associated with regulatory measures have made small cars less affordable for average consumers, which could pose challenges for the domestic market.

Conclusion

While Maruti Suzuki’s net profit showed a slight dip in Q4 FY25, the company’s overall revenue growth indicates a healthy financial position. The record dividend and focus on expanding exports show that the company is well-positioned for future growth, despite challenges in the domestic market. With a strong product portfolio and a focus on global expansion, Maruti Suzuki remains a leader in the automotive industry.