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Maruti Suzuki Q4 results today: Third straight profit drop likely

Updated : April 25, 2019 08:28 AM IST

Maruti Suzuki India will report its fourth-quarter earnings on Thursday and analysts expect the country’s top-selling carmaker to post a fall in net profit for the third straight quarter.

  • This time around as well, analysts are expecting flat revenues following a third straight quarter of decline in volumes, which are likely to fall about 0.7 percent.

  • Margins are expected to fall about 280 basis points (bps) to 12.5 percent. Last quarter, the margins hit a five-year low of 9.8 percent. On a sequential basis, there could be some improvement because the discounts were not as high as the preceding quarter.

  • Profits are expected to drop about 13 percent on a Y-o-Y basis.

  • EBITDA likely to decline 12.5% on-year due to rising commodity costs, increase in discounts due to weak demand and inclusion of fixed costs.

  • The stock hit a 52-week low of Rs 6,324 this quarter.
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