Maruti Suzuki Q2 PAT seen up 21.8% to Rs 1810.2 cr: Centrum

Net Sales are expected to increase by 21.3 percent Q-o-Q (up 30.9 percent Y-o-Y) to Rs 17775.6 crore, according to Centrum.
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Oct 17, 2016, 06.22 PM | Source: Moneycontrol.com

Maruti Suzuki Q2 PAT seen up 21.8% to Rs 1810.2 cr: Centrum

Net Sales are expected to increase by 21.3 percent Q-o-Q (up 30.9 percent Y-o-Y) to Rs 17775.6 crore, according to Centrum.

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Maruti Suzuki Q2 PAT seen up 21.8% to Rs 1810.2 cr: Centrum

Net Sales are expected to increase by 21.3 percent Q-o-Q (up 30.9 percent Y-o-Y) to Rs 17775.6 crore, according to Centrum.

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Centrum Broking (more)

, Centrum Broking |

Centrum has come out with its second quarter (July-September) earnings estimates for the Automobiles sector. The brokerage house expects Maruti Suzuki to report net profit at Rs 1810.2 crore, up 21.8 percent quarter-on-quarter.

Net Sales are expected to increase by 21.3 percent Q-o-Q (up 30.9 percent Y-o-Y) to Rs 17775.6 crore, according to Centrum.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 24.2 percent Q-o-Q (up 21.3 percent Y-o-Y) to Rs 2752.5 crore.

Centrum's report on Maruti Suzuki

During the quarter, overall volumes stood at 418,470 units, registering a YoY growth of 18% and QoQ growth of 20%. We expect MSIL topline to grow by 31% YoY/ 21% QoQ, on the back of strong volume growth and improving sales mix.

We expect recurring PAT of Rs18.1bn, +48% YoY/ +22% YoY. We continue to maintain Hold rating on the stock, with a TP of Rs4,850 (based on 20x FY18E EPS).

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

To read the full report click here

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Maruti Suzuki Q2 PAT seen up 21.8% to Rs 1810.2 cr: Centrum

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