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Maruti Suzuki Q1: Maruti Q1 preview: Sales may fall 25-30% QoQ, margin can contract

NEW DELHI: The influence of the second wave of Covid will all be seen in ‘s June quarter outcomes, as gross sales are prone to drop 25-30 per cent sequentially, regardless that it might zoom over 300 per cent on final 12 months’s low base. Analysts pegged Maruti’s revenue in a large Rs 500-1,300 crore vary for the quarter. This is able to be towards a lack of Rs 249.40 crore that the auto-maker reported for the year-ago quarter.

BoB Capital Markets pegged Maruti’s adjusted revenue at Rs 1,130.40 crore. It sees gross sales rising 325 per cent YoY to Rs 17,465.40 crore from Rs 4,106.50 crore YoY. It will likely be down 27.3 per cent sequentially from over Rs 24,023.70 crore gross sales the automobile maker reported within the March quarter, the brokerage stated.

“Led by a 28 per cent fall in sequential volumes and a 2 per cent rise in common promoting value (as a consequence of value hikes), we count on a 27 per cent sequential income decline. Working margin is seen contracting 120 foundation factors QoQ, given the uncooked materials price strain. We mannequin in 3 per cent sequential de-growth in adjusted PAT, partially supported by larger different revenue at Rs 1,130 crore,” the brokerage stated.

Emkay World sees revenue at Rs 797.40 crore, down 32 per cent sequentially. It sees gross sales climbing 340 per cent YoY to Rs 18,054 crore however falling 28 per cent sequentially. Ebita margin is seen falling 328 foundation factors sequentially to five per cent from 8.3 per cent, because of as a consequence of commodity inflation, larger reductions and decrease scale.

https://economictimes.indiatimes.com/markets/shares/earnings/maruti-q1-preview-sales-may-fall-25-30-qoq-margin-can-contract/articleshow/84792624.cms | Maruti Suzuki Q1: Maruti Q1 preview: Gross sales could fall 25-30% QoQ, margin can contract

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