By Aditya Raghunath
Investing.com -- Maruti Suzuki India Ltd. (NS: MRTI ), India’s largest carmaker, is scheduled to release its results for Q1 FY22 today. The impact of the second pandemic wave is expected to reflect in its numbers. Sales are expected to drop 25-30% while profit after tax is expected to fall around 30% as well.
BoB Capital Markets forecasts Maruti’s profit at Rs 1,130.4 crore and sales at Rs 17,465 crore. While sales will be higher 325% compared to Rs 4,106.5 crore in Q1 FY21, thanks to a complete lockdown, it will be 27.3% lower than the March 2021 quarter, when it recorded Rs 24,023.7 crore.
BoB Capital Markets said, "Led by a 28% fall in sequential volumes and a 2% rise in average selling price (due to price hikes), we expect a 27% sequential revenue decline. Operating margin is seen contracting 120 basis points QoQ, given the raw material cost pressure. We model in 3% sequential de-growth in adjusted PAT, partially supported by higher other income at Rs 1,130 crore.”
ICICI Securities said, “Volumes for the quarter declined 28.2% QoQ to 3.53 lakh units but revenue decline is expected to be lower at 25% QoQ to Rs 18,026 crore tracking 3.1% sequential rise in ASPs to Rs 4.81 lakh/unit amid price hikes undertaken and slight product mix improvement.”
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same thing will happen like Glenmark and Tata motorsLike 0