Maruti Suzuki India Limited · NSE:MARUTI

Maruti Suzuki India — Q4 FY2024 Earnings Presentation

17 slides from Maruti Suzuki India's earnings presentation, Apr 26, 2024

  1. Slide 1: Cover letter to stock exchanges on investor presentation

    MARUTI ��$SUZUKI MSIL: COS: NSE&BSE: 2024/04_15 26th April, 2024 Vice President General Manager National Stock Exchange of India Limited Department of Corporate Services “Exchange Plaza”, Bandra – Kurla BSE Limited Complex Bandra (E), Phiroze Jeejeebhoy Towers Mumbai – 400 051 Dalal Street, Mumbai –

  2. Slide 2: Q4 FY'24 and FY'24 Financial Results

    Maruti Suzuki India Limited Q4 FY’24 and FY’24 Financial Results 26th April 2024 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: Contents

    Contents 1. Q4 FY’24 vs. Q4 FY’23 ➢ Ratio Comparison 2. Q4 FY’24 vs. Q3 FY’24 ➢ Ratio Comparison 3. FY’24 vs. 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 approximat

  5. Slide 5: Q4 FY'24 vs. Q4 FY'23

    Q4 FY’24 vs. Q4 FY’23 4

  6. Slide 6: Highlights of Q4 FY'24 and Q4 FY'23

    Highlights of Q4 FY’24 and Q4 FY’23 *All figures except sales volume are in INR million Q4 FY’24 Q4 FY’23 Sales Volume (units) 584,031 514,927 13.4% Net Sales 366,975 308,218 19.1% Op. EBIT 39,560 26,111 51.5% PBT 49,978 32,548 53.6% PAT 38,778 26,236 47.8% 5

  7. Slide 7: Key Financial Ratios (% of Net Sales) Q4 FY'24 vs Q4 FY'23

    Key Financial Ratios (% of Net Sales) Parameter Q4 FY’24 Q4 FY’23 Change (bps) Material Cost 74.2 76.1 -190 Employee Cost 3.7 3.6 10 Other Expenses 13.5 13.4 10 Depreciation 2.0 2.4 -40 Other Operating Income 4.2 4.0 20 Op. EBIT 10.8 8.5 230 Interest Expense 0.2 0.3 -10 Non-Operating Income 3.0 2.4

  8. Slide 8: Financial Analysis of Q4 FY'24 vs. Q4 FY'23

    Financial Analysis of Q4 FY’24 vs. Q4 FY’23 Key reasons for margin movement Positive Factors ◼ Improved capacity utilization ◼ Cost reduction efforts ◼ Softening of Commodity prices ◼ Improved realization ◼ Higher non-operating income Negative Factors ◼ Higher sales promotion ◼ Higher manufacturing

  9. Slide 9: Q4 FY'24 vs. Q3 FY'24

    Q4 FY’24 vs. Q3 FY’24 8

  10. Slide 10: Highlights of Q4 FY'24 and Q3 FY'24

    Highlights of Q4 FY’24 and Q3 FY’24 *All figures except sales volume are in INR million Q4 FY’24 Q3 FY’24 Sales Volume (units) 584,031 501,207 16.5% Net Sales 366,975 318,600 15.2% Op. EBIT 39,560 31,562 25.3% PBT 49,978 40,538 23.3% PAT 38,778 31,300 23.9% 9

  11. Slide 11: Key Financial Ratios (% of Net Sales) Q4 FY'24 vs Q3 FY'24

    Key Financial Ratios (% of Net Sales) Parameter Q4 FY’24 Q3 FY’24 Change (bps) Material Cost 74.2 74.0 20 Employee Cost 3.7 4.2 -50 Other Expenses 13.5 14.1 -60 Depreciation 2.0 2.4 -40 Other Operating Income 4.2 4.5 -30 Op. EBIT 10.8 9.9 90 Interest Expense 0.2 0.1 10 Non-Operating Income 3.0 2.9 1

  12. Slide 12: Financial Analysis of Q4 FY'24 vs. Q3 FY'24

    Financial Analysis of Q4 FY’24 vs. Q3 FY’24 Key reasons for margin movement Positive Factors ◼ Improved capacity utilization ◼ Lower sales promotion expenses Negative Factors ◼ Higher manufacturing overheads and administrative expenses 11

  13. Slide 13: FY'24 vs. FY'23

    FY’24 vs. FY’23 12

  14. Slide 14: Highlights of FY'24 and FY'23

    Highlights of FY’24 and FY’23 *All figures except sales volume are in INR million FY’24 FY’23 Sales Volume (units) 2,135,323 1,966,164 8.6% Net Sales 1,349,378 1,125,008 19.9% Op. EBIT 133,788 81,844 63.5% PBT 170,404 101,591 67.7% PAT 132,094 80,492 64.1% 13

  15. Slide 15: Key Financial Ratios (% of Net Sales) FY'24 vs FY'23

    Key Financial Ratios (% of Net Sales) Parameter FY’24 FY’23 Change (bps) Material Cost 74.4 76.5 -210 Employee Cost 4.1 4.1 - Other Expenses 13.8 14.0 -20 Depreciation 2.2 2.5 -30 Other Operating Income 4.4 4.5 -10 Op. EBIT 9.9 7.3 260 Interest Expense 0.1 0.2 -10 Non-Operating Income 2.9 1.9 100 PB

  16. Slide 16: Sales Volumes

    Sales Volumes Q4 FY’24 FY’24 Market Total Sales Number Growth % % to Total sales Number Growth % % to Total sales Domestic 505,291 12.2% 86.5% 1,852,256 8.5% 86.7% Exports 78,740 21.7% 13.5% 283,067 9.2% 13.3% Total Sales 584,031 13.4% 100% 2,135,323 8.6% 100% Q4 FY’24 FY’24 Segments Number Growth %

  17. Slide 17: Thank You

    Thank You 16

Maruti Suzuki India — Q4 FY2024 Earnings Presentation on 6ix