Hit by steep rise in commodity costs and decline in non-operating revenue, Maruti Suzuki India Limited, reported a 6.14 per cent decline in consolidated internet revenue at Rs 1,241.1 crore for the fourth quarter ended March 31, 2021. It had reported a internet revenue of Rs 1,322.3 crore in This fall FY20.
While the corporate’s income from operations rose 32 per cent from Rs 18,207 crore in Q4FY20 to Rs 24,035 crore in Q4FY21, its non-operating revenue fell sharply from Rs 880 crore to Rs 89.7 crore in quarter ended March 2021.
The nation’s largest carmaker noticed an enormous bounce in its uncooked materials expenditure in the course of the quarter. While the price of supplies consumed within the quarter ended March 2020 stood at Rs 8,313 crore, it rose by 45 per cent in Q4FY21 to Rs 12,066 crore.
The firm mentioned the decline in revenue was on account of steep rise in commodity costs and “lower non-operating income owing to mark-to-market loss on invested surplus.”
In This fall, the corporate bought a complete of 4,56,707 items within the home market, which was 26.7 per cent increased than that within the corresponding quarter final 12 months. Exports have been at 35,528 items in the course of the quarter. On a standalone foundation, the auto main reported internet revenue of Rs 1,166.1 crore, down 9.7 per cent from identical interval final 12 months. For FY21, the corporate posted a 22.69 per cent fall in consolidated internet revenue at Rs 4,389.1 crore. In FY20, it had seen a internet revenue of Rs 5,677.6 crore.
In FY21, the corporate bought a complete of 14,57,861 autos, down 6.7 per cent from FY20 and decrease by 21.7 per cent as in comparison with FY19.
The firm’s board really useful a dividend of Rs 45 per share for FY21. Even because the benchmark Sensex rose 1.1 per cent Tuesday, its shares ended 1.24 per cent down at Rs 6,558.2.
