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Maruti Suzuki Q3 preview: Profit, revenue may witness double-digit growth amid strong volumes

Maruti shares rallied 13.4 percent in Q3 FY21 but gained just 3 percent in calender 2020.

January 28, 2021 / 07:13 AM IST
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Representative image

  • bselive
  • nselive
Todays L/H

Maruti Suzuki India is expected to report a double-digit growth across earnings parameters for the quarter ended December 2020 backed by volume growth and positive operating leverage. The company will announce quarterly numbers today, January 28.

Profit is expected to increase by around 30 percent in Q3 FY21 on revenue growth of 14 percent as volumes rose by 13 percent year-on-year
(YoY) amid stronger-than-expected demand..

"We expect revenues to rise by 14 percent YoY led by 13 percent YoY increase in volumes in Q3FY21," said Kotak Institutional Equities which sees profit rising 27.4 percent YoY.

According to Sharekhan, revenue is expected to grow by 14.5 percent YoY, driven by growth in volumes and 1 percent growth in average realisations, while PAT is expected to register a robust 35 percent YoY growth.