Maruti Suzuki earnings miss, Revenue beats in Q2

Maruti Suzuki earnings miss, Revenue beats in Q2 - Maruti Suzuki (NS: MRTI ) reported second quarter earnings that missed analysts' expectations on Thursday and revenue that topped forecasts.

The firm reported earnings per share of 16.12 on revenue of 205.5B. Analysts polled by expected EPS of 24.44 on revenue of 191.08B. .

Maruti Suzuki shares gained 1.96% to trade at 7,500.30 in intra-day trade following the report.

For the year, Maruti Suzuki shares are up 10.67%, under-performing the Nifty 50 which is up 29.28% year to date.

Maruti Suzuki follows other major Consumer Cyclical sector earnings this month

On Thursday, Cummins India Ltd reported second quarter EPS of 7.97 on revenue of 17.30B, compared to forecasts of EPS of 6.31 on revenue of 13.48B.

Bajaj Auto earnings missed analyst's expectations on Thursday, with second quarter EPS of 36.70 on revenue of 87.62B. analysts expected EPS of 43.1 on revenue of 85.8B

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