Maruti share price in focus as market awaits Q4 results 2024 today. Buy or sell?
Q4 results 2024 today: Shares of Maruti Suzuki India Ltd (MSIL) will be in focus when the Indian stock market opens today. The Indian auto major has informed exchanges that its board of directors is going to consider and approve Q4 results 2024 on 26th April 2024 i.e.
today. As per the market estimates, Maruti Suzuki may report strong Q4 results 2024 on robust growth in sales volume in Q4FY24.
They said that margin growth may propel the company's net profit in the March 2024 quarter. Speaking on expected Q4 results today that the Indian auto major may report, DK Mudaraddi, Research Analyst at Stoxbox said, "Maruti Suzuki’s Q4FY24 revenue is expected to rise in the high teens on the back of healthy volume growth of 13% YoY driven by UVs which grew 71% YoY despite a weak performance in the entry-level segment.
Margins are likely to show strong expansion led by a superior mix, scale benefits in UVs, and moderating RM costs. PAT growth is also expected to be robust owing to higher realizations per vehicle coupled with a lack of discounts.
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