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Maruti Suzuki Q1 results preview: Company may post quarterly loss for the first time since 2001

Updated : July 28, 2020 04:48 PM IST

The country's largest carmaker Maruti Suzuki India (MSI) is slated to announce its financial results for the first quarter of the fiscal year 2020-21 (Q1FY21) on July 29 (Wednesday).

Due to the lockdown hitting demand, the company is likely to report a loss for the first time since 2001. Also, Maruti is expected to report EBITDA (Earnings before interest, taxes, depreciation, and amortization) loss in the quarter.

The company had reported a 27.3 percent year-on-year decline in its net profit at Rs 1,435.50 crore for the first quarter ended June 30, 2019, dented by lower sales volume and higher depreciation expenses.
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