Thursday, 27 July 2017

Today Maruti Suzuki Q1 results

Today Country’s largest carmaker Maruti Suzuki may report double-digit growth in net profit for the quarter ended June 30, 2017. 

Brokerage firm Edelweiss Securities sees 20.60 per cent YoY rise profit after tax, while EBITDA and revenue may increase by 16 per cent and 16.40 per cent on YoY basis. 

Market experts see volume growth of 13 per cent YoY (and 5 per cent QoQ) to around 3,94,571 units, led by better performance from Baleno and Brezza with incremental Gujarat production, though slightly impacted by GST transition. 

Shares of the company settled 0.84 per cent up at Rs 7577.95 on Wednesday. 

According to brokerage Motilal Oswal, the car major may post 9.5 per cent YoY rise in bottomline figures at Rs 1,627.40 crore against Rs 1486.20 crore in the same quarter last year. 

Motial Oswal sees 110 basis points YoY fall in EBITDA margins due to the impact of Gujarat plant and higher fixed cost due to same. Higher offers due to GST transition would also impact margins. 

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