MARUTI2023-10-012023-12-31 MARUTI2023-10-012023-12-31 MARUTI2023-10-012023-12-31in-bse-fin:OneOperatingExpenses01Member MARUTI2023-10-012023-12-31in-bse-fin:OneOperatingExpenses02Member MARUTI2023-10-012023-12-31in-bse-fin:FourOperatingExpenses01Member MARUTI2023-10-012023-12-31in-bse-fin:FourOperatingExpenses02Member MARUTI2023-12-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532500 MARUTI NOTLISTED Maruti Suzuki India Limited Equity 2023-04-01 2024-03-31 2024-01-31 2024-01-17 INR Millions Third quarter 11:30:00 13:30:00 2024-01-31 2024-01-31 Not applicable Single segment The group is primarily in the business of manufacturing, purchase and sale of Motor Vehicles, Components and Spare Parts ( Automobiles ). The other activities of the Company comprise facilitation of Pre- Owned Car Sales, Fleet Management and Car Financing. The income from these activities is not material in financial terms but such activities contribute significantly in generating demand for the products of the Company. Accordingly there are no reportable segments. 2023-10-01 2023-12-31 Unaudited Consolidated 335128000000.00 9964000000.00 345092000000.00 185613000000.00 47740000000.00 185000000.00 15304000000.00 358000000.00 13015000000.00 41886000000.00 304101000000.00 40991000000.00 0.00 40991000000.00 9275000000.00 213000000.00 9488000000.00 0.00 31503000000.00 0.00 0.00 0.00 565000000.00 32068000000.00 -929000000.00 31139000000.00 32068000000.00 -929000000.00 0.00 1572000000.00 5 102.00 102.00 0.00 0.00 102.00 102.00 1. The above results have been prepared in accordance with the recognition and measurement principles laid down in Ind AS 34 Interim Financial Reporting prescribed u/s 133 of the Companies Act, 2013 read with relevant rules issued thereafter and other accounting principles generally accepted in India. 2. The above results were reviewed by Audit Committee and approved by Board of Directors in their meeting held on Jan 31, 2024. The limited review of financial results for the quarter and 9 months ended Dec 31, 2023, as required under Reg 33 of SEBI (LODR) Regs, 2015, has been completed by the Statutory Auditor and they have issued an unmodified report on the aforesaid results. 3.The Consolidated results include the results of the Company, 3 subsidiaries, 14 associates and 3 joint ventures. The Company together with its subsidiaries is herein referred to as the Group. 4.Subject to legal and regulatory compliances including minority shareholders approval, the Board of Directors at its meeting held on July 31, 2023 had approved termination of the contract manufacturing agreement with Suzuki Motor Gujarat Private Limited (SMG) and exercising of the option to acquire 100% equity shares of SMG from Suzuki Motor Corporation (SMC) and at its meeting held on Oct 17, 2023 had approved execution of a Share Purchase and Subscription Agreement (SPSA) to acquire 100% equity capital of SMG owned by SMC and discharge the consideration for such purchase of 100% of the SMG's equity shares by way of issue and allotment of the Company's equity shares to SMC on a preferential basis for consideration other than cash. SMG is engaged in manufacturing and sale of motor vehicles, components and spare parts and based on the terms of SPSA. SMG will continue to manufacture vehicles and parts and supply them to the Company on a ‘no-profit no-loss’ basis till Mar 31, 2024. Further, pursuant to the shareholders approval obtained through postal ballot for issue of equity shares to SMC on preferential basis, the Board of Directors at its meeting held on Nov 24, 2023 allotted 12322514 equity shares of the Company having face value of INR 5 each to SMC, at a price of INR 10,420.85 per equity share at a total consideration of INR 128411 mn (Equity share capital of Rs. 62 mn and Securities premium of Rs. 128,349 mn) on a preferential basis for consideration other than cash, for the purchase of 100% of 12841107500 equity shares of SMG owned by SMC at share exchange ratio of 1:1042.085. Pursuant to such purchase of 100% equity shares from SMC, SMG has become a wholly owned subsidiary of the Company. Being a common control acquisition, the accounting has been done as per Appendix C to Ind AS 103 Business Combination as per the pooling of interest method wherein assets and liabilities of SMG are reflected at the carrying amounts and no adjustments are made to reflect fair values or recognise any new assets or liabilities. Further, the financial information of the previous periods/year has been restated as if the business combination had occurred from the beginning of the preceding year i.e. Apr 1 2022. Details including in respect of total purchase consideration and net assets acquired of SMG are as given below: Particulars Amt (Rs. in mn) Total purchase consideration (A) 128411 Equity Share capital of Suzuki Motor Gujarat Private Limited as on Apr 1, 2022 (B)* 127300 Net effect on Capital Reserve and Amalgamation Reserve (A)-(B) 1111 Capital reserves 2 Reserve created on amalgamation 1109 *Consideration in respect of net assets and other equity acquired from SMG Particulars Amt (Rs. in mn) Total assets acquired 172097 Less: Total liabilities acquired 44525 Net assets acquired 127572 Less: Other equity of SMG 272 Total 127300 Single segment 2023-04-01 2023-12-31 Unaudited Consolidated 1033870000000.00 29100000000.00 1062970000000.00 580554000000.00 153556000000.00 -7828000000.00 47307000000.00 1174000000.00 39575000000.00 127230000000.00 941568000000.00 121402000000.00 0.00 121402000000.00 26003000000.00 1807000000.00 27810000000.00 0.00 93592000000.00 0.00 0.00 0.00 1767000000.00 95359000000.00 3355000000.00 98714000000.00 95359000000.00 3355000000.00 0.00 1572000000.00 5 303.30 303.30 0.00 0.00 303.30 303.30 Other Expenses 42422000000.00 Vehicles/ dies for own use -536000000.00 Other Expenses 128687000000.00 Vehicles/ dies for own use -1457000000.00 -1018000000.00 3705000000.00 -89000000.00 350000000.00 0.00 0.00