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Maruti Suzuki Q2 PAT may dip 48.4% YoY to Rs 708 cr: ICICI Direct

Net Sales are expected to increase by 5 percent Y-o-Y (up 10.6 percent Q-o-Q) to Rs 18,574 crore, according to ICICI Direct.

Broker Research
October 08, 2021 / 02:20 PM IST
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ICICI Direct has come out with its second quarter (July-September’ 21) earnings estimates for the Auto and auto ancillary sector. The brokerage house expects Maruti Suzuki to report net profit at Rs 708 crore down 48.4% year-on-year (up 60.7% quarter-on-quarter).

Net Sales are expected to increase by 5 percent Y-o-Y (up 10.6 percent Q-o-Q) to Rs 18,574 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 49.3 percent Y-o-Y (up 19.4 percent Q-o-Q) to Rs 980 crore.

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.

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Broker Research
Tags: #Auto and Auto Ancillary #Brokerage Recos - Sector Report #Brokerage Results Estimates #earnings #ICICI Direct #Maruti Suzuki #Result Poll
first published: Oct 8, 2021 02:20 pm

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