Maruti Suzuki shares in focus ahead of Q2 results today
Maruti Suzuki will be in focus as the company will report its second quarter results later today. Analysts estimate the will report muted numbers for the July-September 2024 period, mainly due to decline in the volumes.
Revenue from operations are likely to remain flat year-on-year, according to an average estimate of four brokerages. Net profit for the quarter is seen falling up to 5% year-on-year, the estimates revealed.
Volumes for the second quarter fell 2% year-on-year, due to weakness in both entry level vehicles and utility cars. The poor growth in volumes will be partially offset by better product mix.
Kotak Equities expects EBITDA margin to improve by 20 bps QoQ to 12.9% led by marginal operating leverage benefits, commodity tailwinds and richer product mix, partly offset by higher discounts, forex impact (JPY appreciation versus INR) and higher advertisement spends.
Also, the company's reported PAT will decline by 18% QoQ due to increase in provision for deferred tax of Rs 850 crore owing to the withdrawal of indexation benefit and change in tax rate on long-term capital gains from debt mutual funds.
Stock Trading
Cryptocurrency Made Easy: Cryptocurrency Course
By — elearnmarkets, Financial Education by StockEdge
Stock Trading
Heikin Ashi Trading Tactics: Master the Art of Trading
By — Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert
Stock Trading
Technical Analysis Made Easy: Online Certification Course
By — Souradeep Dey, Equity and Commodity Trader, Trainer
Stock Trading
Stock
