Back Maruti Suzuki Q1 Results: Net profit likely to more than double to ₹2,490 crore; revenue growth seen at 18.6% YoY
Maruti Suzuki’s net profit in April-June 2023 quarter is expected to jump by 145% to ₹2,490 crore as against ₹1,012.8 in the same quarter last year.
The company’s revenue is likely to grow by 18.6%
In Q1FY24, Maruti Suzuki’s volume growth was around 6% YoY aided by traction for new model launches and higher discounts for lower end models.
Earnings before interest, taxes, depreciation and amortization (EBITDA) during the quarter ended June 2023 is expected to rise to ₹3,106 crore, while EBITDA margin likely to expand by 280 basis points (bps) YoY to 10%, led by benefits of lower raw material costs, ongoing improvement in the product mix (higher SUV sales), price hike and depreciation in Japanese Yen.