Press Release19 May 2024, 12:25 am
PPAP Automotive Ltd. Reports 57% Revenue Share from Maruti Suzuki, Announces Final Dividend of Rs 1.25 for FY24
AI Summary
PPAP Automotive Limited, in their financial release, revealed that Maruti Suzuki is their largest customer, contributing 57% to their overall revenues. The company also reported a growth in their financials for the quarter and year ended March 31, 2024. The audited figures show an increase in revenue from 492.3 crores in Q4FY23 to 503.9 crores in Q4FY24, representing a growth of 1.9:3%. The net profit has increased from 132.3 crores in FY23 to 137.1 crores in FY24, a growth of 4.6%. The Board of Directors has decided to reward shareholders with a final dividend of Rs 1.25 for FY24.
Key Highlights
- Maruti Suzuki is the largest customer, contributing 57% to PPAP's overall revenues
- Revenue increased from 492.3 crores in Q4FY23 to 503.9 crores in Q4FY24, a growth of 1.9:3%
- Net profit increased from 132.3 crores in FY23 to 137.1 crores in FY24, a growth of 4.6%
- The Board of Directors has declared a final dividend of Rs 1.25 for FY24