Maruti Suzuki declares dividend of Rs 90 per share for FY23

Maruti Suzuki, India’s biggest carmaker, has proposed a record-breaking dividend of INR 90 per share for the FY ending 2023. This marks an increase from last year’s dividend of INR 60 per share. The dividend payout will be due on September 6, 2023, provided that shareholders approve it at the next annual general meeting. Maruti Suzuki reported a net profit of INR 2,624 crore in Q1 FY23, an increase of 43% YoY, and its operating income increased by 47% YoY during the quarter.