Maruti Suzuki India Limited · NSE:MARUTI

Maruti Suzuki India — Q2 FY2024 Earnings Presentation

19 slides from Maruti Suzuki India's earnings presentation, Oct 27, 2023

  1. Slide 1: Cover letter to stock exchanges

    MARUTI ��$SUZUKI MSIL: COS: NSE&BSE: 2023/10_21 27th October, 2023 Vice President General Manager National Stock Exchange of India Limited Department of Corporate Services “Exchange Plaza”, Bandra – Kurla Complex BSE Limited Bandra (E), Phiroze Jeejeebhoy Towers Mumbai – 400 051 Dalal Street, Mumbai

  2. Slide 2: Q2 FY'24 and H1 FY'24 Financial Results

    Maruti Suzuki India Limited Q2 FY’24 and H1 FY’24 Financial Results 27th October 2023 1

  3. Slide 3: Safe Harbour

    Safe Harbour This presentation might contain forward looking statements which involve a number of risks, uncertainties and other factors that could cause the actual results to differ materially from those in the forward looking statements. The Company undertakes no obligation to update these to refl

  4. Slide 4: 3

    3

  5. Slide 5: Business Highlights for Q2 FY2023-24

    Business Highlights for Q2 FY2023-24 ◼ Financial /Overall ◼ Highest ever quarterly sales volume of 550,000+ units. ◼ Highest ever quarterly net sales and profit. ◼ Domestic Market ◼ Passenger vehicle wholesales grew by ~8%, higher than the industry growth of ~5%. ◼ Achieved leadership in SUV segment

  6. Slide 6: Contents

    Contents 1. Q2 FY’24 vs. Q2 FY’23 ➢ Ratio Comparison 2. Q2 FY’24 vs. Q1 FY’24 ➢ Ratio Comparison 3. H1 FY’24 vs. H1 FY’23 ➢ Ratio Comparison 4. Sales Volumes Note: 1. All figures in the presentation are in INR Million, except the sales volume and the ratios 2. Due to rounding-off, ratios may be appr

  7. Slide 7: Q2 FY'24 vs. Q2 FY'23

    Q2 FY’24 vs. Q2 FY’23 6

  8. Slide 8: Highlights of Q2 FY'24 and Q2 FY'23

    Highlights of Q2 FY’24 and Q2 FY’23 *All figures except sales volume are in INR million Q2 FY’24 Q2 FY’23 Sales Volume 552,055 517,395 6.7% Net Sales 355,351 285,435 24.5% Op. EBIT 39,901 20,463 95.0% PBT 47,986 26,283 82.6% PAT 37,165 20,615 80.3% 7

  9. Slide 9: Key Financial Ratios (% of Net Sales) Q2 FY'24 vs Q2 FY'23

    Key Financial Ratios (% of Net Sales) Parameter Q2 FY’24 Q2 FY’23 Change (bps) Material Cost 73.5 76.5 -300 Employee Cost 3.7 4.0 -30 Other Expenses 13.6 14.7 -110 Depreciation 2.2 2.5 -30 Other Operating Income 4.3 4.9 -60 Op. EBIT 11.2 7.2 400 Interest Expense 0.1 0.1 0 Non-Operating Income 2.4 2.

  10. Slide 10: Financial Analysis of Q2 FY'24 vs. Q2 FY'23

    Financial Analysis of Q2 FY’24 vs. Q2 FY’23 Key reasons for margin movement Positive Factors ◼ Improved realization ◼ Softening of Commodity prices ◼ Cost reduction efforts ◼ Relatively better sales volume leading to improved capacity utilisation ◼ Higher non-operating income Negative Factors ◼ High

  11. Slide 11: Q2 FY'24 vs. Q1 FY'24

    Q2 FY’24 vs. Q1 FY’24 10

  12. Slide 12: Highlights of Q2 FY'24 and Q1 FY'24

    Highlights of Q2 FY’24 and Q1 FY’24 *All figures except sales volume are in INR million Q2 FY’24 Q1 FY’24 Sales Volume 552,055 498,030 10.8% Net Sales 355,351 308,452 15.2% Op. EBIT 39,901 22,355 78.5% PBT 47,986 31,902 50.4% PAT 37,165 24,851 49.6% 11

  13. Slide 13: Key Financial Ratios (% of Net Sales) Q2 FY'24 vs Q1 FY'24

    Key Financial Ratios (% of Net Sales) Parameter Q2 FY’24 Q1 FY’24 Change (bps) Material Cost 73.5 76.1 -260 Employee Cost 3.7 4.7 -100 Other Expenses 13.6 14.3 -70 Depreciation 2.2 2.4 -20 Other Operating Income 4.3 4.8 -50 Op. EBIT 11.2 7.2 400 Interest Expense 0.1 0.2 -10 Non-Operating Income 2.4

  14. Slide 14: Financial Analysis of Q2 FY'24 vs. Q1 FY'24

    Financial Analysis of Q2 FY’24 vs. Q1 FY’24 Key reasons for margin movement Positive Factors ◼ Relatively better sales volume leading to improved capacity utilisation ◼ Softening of Commodity prices ◼ Cost reduction efforts ◼ Favorable foreign exchange variation Negative Factors ◼ Higher sales promo

  15. Slide 15: H1 FY'24 vs. H1 FY'23

    H1 FY’24 vs. H1 FY’23 14

  16. Slide 16: Highlights of H1 FY'24 and H1 FY'23

    Highlights of H1FY’24 and H1 FY’23 *All figures except sales volume are in INR million H1 FY’24 H1 FY’23 Sales Volume 1,050,085 985,326 6.6% Net Sales 663,803 538,298 23.3% Op. EBIT 62,256 33,070 88.3% PBT 79,888 39,501 102.2% PAT 62,016 30,743 101.7% 15

  17. Slide 17: Key Financial Ratios (% of Net Sales) H1 FY'24 vs H1 FY'23

    Key Financial Ratios (% of Net Sales) Parameter H1 FY’24 H1 FY’23 Change (bps) Material Cost 74.7 77.2 -250 Employee Cost 4.2 4.3 -10 Other Expenses 13.9 14.6 -70 Depreciation 2.3 2.6 -30 Other Operating Income 4.5 4.8 -30 Op. EBIT 9.4 6.1 330 Interest Expense 0.1 0.1 0 Non-Operating Income 2.8 1.3

  18. Slide 18: Sales Volumes

    Sales Volumes Q2 FY’24 H1 FY’24 Market % to Total % to Total Total Sales Number Growth % Number Growth % sales sales Domestic 482,731 6.3% 87% 917,543 7.6% 87% Exports 69,324 9.7% 13% 132,542 -0.1% 13% Total Sales 552,055 6.7% 100% 1,050,085 6.6% 100% Q2 FY’24 H1 FY’24 Segments % to Domestic % to Do

  19. Slide 19: Thank You

    Thank You 18

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