Automobile manufacturer Maruti Suzuki is all set to announce its first-quarter earnings later in the day. The company is expected to report a loss for the first time since 2001 in this quarter. Therefore, a weak set of numbers is expected.
The lockdown impacted demand to a great extent. In fact, the revenues are expected to fall by 80 percent. An EBITDA loss of Rs 540 crore is likely and on the bottomline, a loss of Rs 445 crore is expected.
However, the most important thing to watch out for will be the commentary from the management on any kind of demand revival and whether the supply-side constraints have been eased.