General Trading Chat

Moneycontrol News

11:40 am Earnings estimates: Country's largest car maker Maruti Suzuki is expected to report a healthy 53 percent growth year-on-year in profit at Rs 1,739 crore for January-March quarter despite contraction in margin. Steep increase in other income post Ind-AS may boost bottomline.

According to average of estimates of analysts polled by CNBC-TV18, revenue is seen rising 21 percent to Rs 18,621 crore compared with year-ago quarter, driven by strong volume growth.

Maruti sold 4.14 lakh units during the quarter, a growth of 15 percent over 3.6 lakh units sold in same quarter last fiscal. Export increased 17.6 percent and domestic volumes grew by 15 percent year-on-year.

Analysts expect 6 percent increase in realisations due to better product mix and lower discounting QoQ.
 

Similar threads