| Fin | St | Driver | # | Owner | Car | Laps | Money | Status | Laps Led |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Luigi Villoresi | 32 | Scuderia Ambrosiana | Maserati 4CLT-48 1594/Maserati | 15 | running | |||
| 2 | Giuseppe Farina | 34 | Scuderia Ferrari | Ferrari 125C 04C | 15 | running | |||
| 3 | Francisco Marques | Maserati 4CL | 15 | running | |||||
| 4 | Aloísio Fontenelle | Alfa Romeo 8C-2300 | 15 | running | |||||
| 5 | Henrique Casini | Alfa Romeo | 14 | running | |||||
| 6 | Annuar de Góes Daquer | Maserati | 13 | running | |||||
| Domingos Lopes | Bugatti | 9 | accident | ||||||
| Francisco Sacco Landi | Maserati 4CL | 7 | accident | ||||||
| Alberto Ascari | 2 | Scuderia Ambrosiana | Maserati 4CLT-48 1593/Maserati | accident | |||||
| Benedicto Lopes | Bugatti | did not finish | |||||||
| Carlos Barbosa | Maserati | ||||||||
| Antônio Fernandes da Silva | Maserati | ||||||||
| Nino Stefanini | Alfa Romeo | ||||||||
| Rodrigo Miranda | Maserati |