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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.

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.

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