Maruti Suzuki to announce Q1FY24 earnings on 31 July; here's what to expect
₹31,781.9 crore in Q1FY24, up by 19.9% YoY but down by 0.8% sequentially. EBITDA is seen at ₹3,122.2 crore, up by 63.3% YoY but expected to fall by 6.8% QoQ.
Meanwhile, reported PAT is factored at ₹2,296.3 crore, recording a growth of 126.7% YoY but a decline of 12.5% QoQ. Maruti has already announced its sales figures for the quarter ending June 30, 2023.
The company's total sales including domestic and export stood at 498,030 between April-June 2023 as against 467,931 units sold in the corresponding period of the previous year. Of the total, domestic sales stood at 434,812 vehicles in Q1FY24, rising from 398,494 units sold in Q1 of previous fiscal.
However, exports declined to 63,218 vehicles in Q1 of FY24 as against 69,437 units in same quarter a year ago. On BSE, Maruti's stock price closed at ₹9,850.50 apiece, marginally down on Friday from the previous print.
In the trading week that ended on July 7th, the stock climbed nearly a percent. So far in 2023, Maruti's share price has jumped by over 17% on BSE.Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!
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