The country’s leading passenger vehicle major Maruti Suzuki is slated to release its December quarter earnings on January 29 (Wednesday). For the review quarter, Zee Business research estimates standalone profit after tax or PAT at the automobile company to rise 14.7 per cent on-year to Rs 3,590 crore in comparison to Rs 3,130 crore in the same period a year ago.
Revenue also is expected to increase 16 per cent on-year to Rs 38,630 crore in the October-December quarter as against Rs 33,309 crore during the corresponding period of the previous year.
Furthermore, during the quarter-ended December of the ongoing fiscal year, the automobile major is seen to post Rs 4,550 crore in EBITDA or earnings before interest, taxes, depreciation and amortization, while the operating margin is estimated to inch higher by just 0.1 per cent or 10 basis points to 11.8 per cent, which in the same period a year ago was at 11.7 per cent. Margins are estimated to remain steady on-year on the back of higher marketing and advertisement expenses during the review period.
Looking at volume growth, it will be in double digits at 13 per cent furing the December quarter, amid an increase in the export and SUV mix at the company.
Realization per unit at Maruti Suzuki is likely to take a hit amid high discounts during the review period. For the reporting quarter, realisation is estimated to increase 2.3 per cent to Rs 6.8 lakh per unit.
Maruti Suzuki’s Q2FY25 earnings
For the September quarter, the company’s net profit declined 18.06 per cent to Rs 3,102.5 crore as against Rs 3,786.20 crore during the previous quarter ended September 2023. Sales, however, rose 0.14 per cent to Rs 35586.50 crore in the quarter ended September 2024 as against Rs 35535.20 crore during the previous quarter ended September 2023.
Maruti Suzuki share price performance
Shares of Maruti Suzuki have gained nearly 22 per cent in the last one year mirroring similar performance on the Nifty Auto index. The stock last traded with a marginal cut of 0.3 per cent at Rs 12,010 per share.
