Maruti Suzuki reported a revenue growth of 32.0% YoY to ₹24,023.7 crore By Jyoti Roy, Angel Broking Ltd
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Below are Maruti Suzuki reported a revenue growth of 32.0% YoY to ₹24,023.7 crore By Mr. Jyoti Roy - DVP- Equity Strategist, Angel Broking Ltd
Maruti Suzuki reported a revenue growth of 32.0% YoY to ₹24,023.7 crore. EBIDTA for the quarter stood at ₹1991 crore up by 28.5% YoY while EBIDTA margins contracted by 34bps YoY to 8.67% largely on account of increase in raw material prices. Net profit for the quarter was down by 9.9% YoY to ₹ 1166.1 crore due to margin pressure and lower other income which was partially offset by lower tax rates. Overall the revenue numbers were in line with estimates though profit figures came in below street estimates. The stock has been under pressure due to the second Covid wave which is bound to impact sales in Q1FY22. Though the results were overall below street estimates we believe that stock prices will be more a function of the progress of the second Covid wave rather than the Q4 results.
Above views are of the author and not of the website kindly read disclaimer
