Maruti Suzuki India will report its fourth-quarter earnings on Thursday and analysts expect the country’s top-selling carmaker to post a fall in net profit for the third straight quarter.
This time around as well, analysts are expecting flat revenues following a third straight quarter of decline in volumes, which are likely to fall about 0.7 percent.
Margins are expected to fall about 280 basis points (bps) to 12.5 percent. Last quarter, the margins hit a five-year low of 9.8 percent. On a sequential basis, there could be some improvement because the discounts were not as high as the preceding quarter.
Profits are expected to drop about 13 percent on a Y-o-Y basis.
EBITDA likely to decline 12.5% on-year due to rising commodity costs, increase in discounts due to weak demand and inclusion of fixed costs.
The stock hit a 52-week low of Rs 6,324 this quarter.