Maruti Suzuki Likely To Report Robust Earnings in Q3
Maruti Suzuki is likely to announce strong numbers in Q3 the October to December period today. Top brokerages predicted that the automobile manufacturer would post double-digit growth numbers in profit, revenue, as well as operating income in Q3FY20.
According to the brokerages the company’s profit likely to increase between 12-30 per cent year-on-year. Led by the robust operating income and realisation per unit. Moreover, they foresees the double-digit growth because the company posted a fall in profit over the last five quarters. Whereas the company’s revenue may be increased over 11 per cent due to the rise in volumes and realisation.
Meanwhile, Kotak Institutional Equities assumed that company’s revenues may rise nearly 16 per cent YoY in Q3FY20 as an increase in volumes and ASPs. The brokerage firm anticipates 17.3 per cent YoY growth in profit. It also expects a robust operating performance and margin expansion.
As per the financial services firm Edelweiss, the profit of the company may be at 30 per cent YoY in Q3FY20. EBITDA probably at 29 per cent YoY. While operating margins likely to rose 190 bps QoQ on the back of the better mix and operating leverage.
The brokerage firm Kotak Securities foresees Maruti Suzuki EBITDA would be at 33 per cent YoY in the December quarter on the back of an increase in revenues and margin expansion.