Consolidated Income Statement

Profit & Loss account of Mar-24 Mar-23 Mar-22 Mar-21

Maruti Suzuki India (in Rs.
Cr.)
12 mths 12 mths 12 mths 12 mths
INCOME
Revenue From Operations 134,921.70 112,511.30 83,799.80 66,571.80
[Gross]
Less: Excise/Sevice Tax/Other 0 0 0 0
Levies
Revenue From Operations 134,921.70 112,511.30 83,799.80 66,571.80
[Net]
Total Operating Revenues 141,858.20 117,571.30 88,329.80 70,372.00
Other Income 4,093.50 2,140.70 1,744.70 2,936.30
Total Revenue 145,951.70 119,712.00 90,074.50 73,308.30
EXPENSES
Cost Of Materials Consumed 78,915.30 46,669.60 39,739.60 33,296.40
Purchase Of Stock-In Trade 21,204.20 39,985.10 26,397.50 17,254.10
Operating And Direct 0 0 0 0
Expenses
Changes In Inventories Of -378.6 -403.9 -93.1 273.6
FGWIP And Stock In Trade
Employee Benefit Expenses 6,301.60 4,634.60 4,051.40 3,431.60
Finance Costs 193.6 187 126.6 101.8
Depreciation And Amortisation 5,255.80 2,825.70 2,789.00 3,034.10
Expenses
Other Expenses 17,550.10 15,805.50 12,672.70 10,837.50
Total Expenses 128,781.30 109,566.30 85,539.20 68,156.30
Profit/Loss Before 17,170.40 10,145.70 4,535.30 5,152.00
Exceptional, ExtraOrdinary
Items And Tax
Exceptional Items 0 0 0 0
Profit/Loss Before Tax 17,170.40 10,145.70 4,535.30 5,152.00
Tax Expenses-Continued
Operations
Current Tax 3,663.30 2,249.60 1,431.00 1,156.20
Less: MAT Credit Entitlement 0 0 0 0
Deferred Tax 273 -137.5 -613.3 -224.3
Other Direct Taxes 0 0 0 0
Total Tax Expenses 3,936.30 2,112.10 817.7 931.9
Profit/Loss After Tax And 13,234.10 8,033.60 3,717.60 4,220.10
Before ExtraOrdinary Items
Profit/Loss From Continuing 13,234.10 8,033.60 3,717.60 4,220.10
Operations
Profit/Loss For The Period 13,234.10 8,033.60 3,717.60 4,220.10
Minority Interest 0 0 0 0
Consolidated Profit/Loss 13,488.20 8,211.00 3,879.50 4,389.10
After MI And Associates
OTHER ADDITIONAL
INFORMATION
EARNINGS PER SHARE
Basic EPS (Rs.) 429 272 128 145
Diluted EPS (Rs.) 429 272 128 145
DIVIDEND AND DIVIDEND
PERCENTAGE
Equity Share Dividend 2,718.70 1,812.50 1,359.40 1,812.50
Tax On Dividend 0 0 0 0

Vertical Analysis Mar-24 Mar-23 Mar-22 Mar-21

Net Sales 100% 100% 100% 100%

Cost of sales 74% 77% 79% 76%
Gross profit Margin 26% 23% 21% 24%

Selling, general and

administrative
expenses 5% 4% 5% 5%
Other (income)
expense, net -10% -12% -13% -12%

Operating profit
Margin (EBIT Margin) 45% 40% 41% 44%

Non-service related
postretirement costs
Interest expense, net 0% 0% 0% 0%

Income before income

taxes (PBT Margin) 13% 9% 5% 8%
Provision for income
taxes 3% 2% 1% 1%
Net income Margin
including
noncontrolling
interests 10% 7% 4% 6%
Less: Net income
attributable to
noncontrolling
interests (% of Net
Income) 0% 0% 0% 0%
Net income Margin 9% 7% 4% 6%
 Mar-20

12 mths

71,704.80

71,704.80

75,660.00
3,334.40
78,994.40

34,634.80
18,767.20
0

-238.7

3,416.20
134.2
3,528.40

11,889.60
72,010.00
6,984.40

0
6,984.40

1,376.50
0
48.7
0
1,425.20
5,559.20

5,559.20

5,559.20
-1.6
5,676.00

188
188
2,416.60
496.8

Mar-20

100%
74%
26%

5%

-12%

45%

0%

10%

2%

8%

0%
7%
 Consolidated Balance Sheet
Balance Sheet of Maruti Suzuki India (in Rs. Cr.) Mar-24 Mar-23 Mar-22

12 mths 12 mths 12 mths

EQUITIES AND LIABILITIES

SHAREHOLDER'S FUNDS

Equity Share Capital 157.2 151 151

Total Share Capital 157.2 151 151

Reserves and Surplus 85,478.80 61,640.30 55,182.50

Total Reserves and Surplus 85,478.80 61,640.30 55,182.50

Total Shareholders Funds 85,636.00 61,791.30 55,333.50

Minority Interest 0 0 0

NON-CURRENT LIABILITIES

Long Term Borrowings 0 0 0

Deferred Tax Liabilities [Net] 388.8 0 0

Other Long Term Liabilities 3,229.40 2,609.90 2,214.10

Long Term Provisions 144.8 88.4 84.4

Total Non-Current Liabilities 3,763.00 2,698.30 2,298.50

CURRENT LIABILITIES

Short Term Borrowings 33.1 1,215.80 381.9

Trade Payables 16,988.40 11,785.50 9,765.20

Other Current Liabilities 7,618.40 6,143.60 6,015.10

Short Term Provisions 1,311.90 962.4 861.3

Total Current Liabilities 25,951.80 20,107.30 17,023.50

Total Capital And Liabilities 115,350.80 84,596.90 74,655.50

ASSETS

NON-CURRENT ASSETS

Tangible Assets 27,411.10 17,282.50 13,397.30

Intangible Assets 453.7 547.9 349.9

Capital Work-In-Progress 7,504.30 2,815.20 2,646.20

Fixed Assets 35,599.60 20,734.50 16,683.70

Non-Current Investments 53,383.80 49,184.30 37,934.60

Deferred Tax Assets [Net] 46.7 279.4 141.1

Long Term Loans And Advances 0.1 0.2 0.2

Other Non-Current Assets 3,686.80 2,782.90 3,102.50

Total Non-Current Assets 92,717.00 72,981.30 57,862.10

CURRENT ASSETS

Current Investments 3,912.20 0 4,100.10

Inventories 5,318.10 4,283.50 3,532.30

Trade Receivables 4,596.80 3,301.40 2,034.50

Cash And Cash Equivalents 2,827.40 41.6 3,042.20

Short Term Loans And Advances 32.7 29.7 30.5

OtherCurrentAssets 5,946.60 3,959.40 4,053.80

Total Current Assets 22,633.80 11,615.60 16,793.40

Total Assets 115,350.80 84,596.90 74,655.50

OTHER ADDITIONAL INFORMATION

CONTINGENT LIABILITIES, COMMITMENTS

Contingent Liabilities 30,579.60 34,446.00 21,354.40

BONUS DETAILS

Bonus Equity Share Capital 0 0 0

NON-CURRENT INVESTMENTS

Non-Current Investments Quoted Market Value 2,151.50 1,580.00 1,484.10

Non-Current Investments Unquoted Book Value 55,424.60 47,648.50 40,612.50

CURRENT INVESTMENTS

Current Investments Quoted Market Value 0 0 0

Current Investments Unquoted Book Value 3,912.20 0 4,100.10

Assets
Current Assets
Cash and cash equivalents 12% 0% 18%
Receivables 4% 4% 3%
Inventories 5% 5% 5%
Other current assets 5% 5% 5%
Total current assets 20% 14% 22%

Property, plant and equipment, ne 19% 15% 13%

Other intangible assets, net 0% 1% 0%
Deferred income taxes 0% 0% 0%
Other assets 8% 6% 6%
Total assets 100% 100% 100%

Liabilities and Shareholders' Equity

Current Liabilities 22% 24% 23%
Notes and loans payable 0% 1% 1%
Current portion of long-term debt
Accounts payable 15% 14% 13%
Accrued income taxes
Other accruals 8% 8% 9%
Total current liabilities 22% 24% 23%

Revolver

Long-term debt 0% 0% 0%
Deferred income taxes 0% 0% 0%
Other liabilities 3% 3% 3%
Total liabilities 26% 27% 26%
Commitments and contingent liabil 27% 41% 29%
Shareholders' Equity 74% 73% 74%
Common stock 0% 0% 0%
Additional paid-in capital
Retained earnings 74% 73% 74%
Accumulated other comprehensive income (loss)
Unearned compensation
Treasury stock, at cost
Total Maruti suzuki shareholders' 74% 73% 74%
Noncontrolling interests
Total shareholders' equity 74% 73% 74%
Total liabilities and shareholders' 100% 100% 100%
 Mar-21 Mar-20

12 mths 12 mths

151 151

151 151

52,349.60 49,262.00

52,349.60 49,262.00

52,500.60 49,413.00

0 19.2

2.8 5.4

445.4 657.5

2,168.70 2,175.60

44.7 51.6

2,661.60 2,890.10

488.8 106.3

10,168.10 7,498.80

4,720.80 3,019.60

742.8 680.7

16,120.50 11,305.40

71,282.70 63,627.70

14,764.50 15,408.60

224.2 335.8

1,199.30 1,344.30

16,485.50 17,159.60
34,529.10 36,269.20

0 0

0.2 0.2

1,723.60 1,758.10

52,738.40 55,187.10

8,415.70 1,218.80

3,049.00 3,213.90

1,279.90 1,977.70

3,047.10 29

23 17

2,729.60 1,984.20

18,544.30 8,440.60

71,282.70 63,627.70

15,704.30 11,232.80

0 0

1,132.30 559.8

33,426.60 35,650.00

0 0
8,415.70 1,218.80

16% 0%
2% 3%
4% 5%
4% 3%
26% 13%

16% 19%
0% 1%
1% 1%
4% 3%
100% 100%

23% 18%
1% 0%

14% 12%

8% 6%
23% 18%

0% 0%
1% 1%
3% 3%
26% 22%
22% 18%
74% 78%
0% 0%

73% 77%

74% 78%

74% 78%
100% 100%