Skip to content
Net profit drops 65% to Rs 475 crore, Street estimates miss

Maruti Suzuki on Wednesday reported stand-alone net profit of Rs 475.3 crore for the quarter ended September 30, without Street’s estimates. Net profit was down 65.3% year-on-year. The country’s largest automaker posted standalone revenue of Rs 20,538.9 crore for the three-month period, up 9.6% year-on-year.

Analysts in a CNBC-TV18 poll had predicted the automotive major’s net profit at Rs 767 crore on revenues of Rs 19,335 crore.


Maruti Suzuki’s profit before interest, taxes, depreciation and amortization (EBITDA) fell 55.8% to 854.8 crore rupees during the July-September period. Its EBITDA margin fell to 4.2 percent in the three months to September 30, from 10.3 percent in the corresponding period a year ago.

Analysts had estimated the company’s second-quarter EBITDA at Rs 1,091 crore and its EBITDA margin at 5.6%.

Maruti Suzuki said unfavorable raw material prices and shortage of electronic components were key negative factors during the quarter, with low non-operating revenue and capacity utilization dragging its margins.

Maruti Suzuki shares recovered their intraday losses to rise after the results were announced. At 2:20 p.m., the stock was trading 1.7% more at Rs 7,423.2 per coin on BSE. The Sensex index remained stable in choppy trading.

(Edited by : Sandeep Singh)

First publication: STI



Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.