Maruti Suzuki Q4 FY25 Result: Profit declined by 1% to ₹3,911 crore; Declares dividend of ₹135 per share, highest in its history

Maruti Suzuki India, the country's largest automobile manufacturer, posted a narrow year-on-year fall in its fourth-quarter net profit for the financial year 2024-25. The figures, announced today, revealed a slight slip in the bottom line, although revenue posted a healthy growth and the company offered its highest-ever dividend per share.

Q4 FY25 Results: Marginal Net Profit Decline Amid Revenue Growth

For the quarter ended March 31, 2025 (Q4 FY25), Maruti Suzuki reported a consolidated net profit of ₹3,911 crore, a 1% decline from ₹3,952 crore in the same period last year. While profitability declined marginally, the revenue from operations of the company saw a significant rise. Total revenue for Q4 FY25 increased by 6.4% year-on-year to ₹40,920 crore from ₹38,471 crore in the same quarter last year. This figure of ₹40,920 crore fell slightly short of market expectations, which had estimated revenue at ₹40,929 crore. Sequentially, total revenue increased by 5.6% to ₹40,920 crore from ₹38,764 crore in Q3 FY25. Earnings before interest, tax, depreciation, and amortisation (EBITDA) too declined by 7.2% year-over-year to ₹4,844 crore. While the absolute number for EBITDA fell, the margin also fell to 12% Notably, the company reported net profit of ₹3,911 crore, down by 1.04%.

FY25 Full‐Year Performance: Strong Profit and Revenue Gains

Considering the complete financial year (FY25), Maruti Suzuki's net profit showed more robust growth. The net profit at the close of FY25 rose by 7.5% to ₹14,500 crore from ₹13,488 crore in FY24. For the whole year, the total revenue was ₹1,52,913 crore, a rise of 7.8 per cent from ₹1,41,858 crore in the corresponding period last year.

Board Proposes Record Final Dividend of ₹135 per Share

In a major announcement with the results, the board of directors of the company suggested a strong final dividend of ₹135 per share. On a face value of ₹5 per share, this translates into a total payout of ₹4,244.4 crore for FY25. This dividend is pending approval from shareholders at the next annual general meeting (AGM). This is the highest dividend declared by the automaker.

Shares Slip Post‐Earnings to ₹11,769 on BSE

After the earnings announcement, Maruti Suzuki shares were trading lower on the BSE. At the end of the day, the share price was closed at ₹11,698, down by 1.65%. 

Management Commentary: Domestic Headwinds and Export Focus

In the post earnings press conference, RC Bhargava, Chairman, Maruti Suzuki, said, “Maruti’s domestic growth at 3% in FY25. Overall automotive penetration is still worrying.” He further added that the growth outlook for FY26 is not very encouraging. However, Maruti continues to outperform industry average on the back of buoyant exports. The company is targeting increasing exports to 20 per cent in FY26, which will be a key driver. Domestic market growth is expected to be muted, he said. He also added that, “High cost of implementing regulatory measures have made small cars unaffordable for average consumers.”

Outlook 

Overall, the figures point to growth in revenue for the quarter and the year, as well as difficulties in profitability in the reported quarter. While the slight shrinkage in the Q4 bottom line, the company indicated it has a healthy financial position and continues to be product-focused and increase its market presence in India and worldwide. 

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