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Maruti Suzuki Reports Better-Than-Expected Q3 Profit On Strong Passenger Car Demand

Maruti Suzuki Reports Better-Than-Expected Q3 Profit On Strong Passenger Car Demand

Tuesday, January 24, 2023

On the back of strong demand for its passenger cars, Maruti Suzuki India reported a better-than-expected 129.55 percent jump in the quarterly consolidated net profit in the third quarter (Q3FY23) on Tuesday. It reported a significant rise in its net profit at ₹ 2,391.5 crores for the third quarter ended December 2022 (Q3 FY23), which more than doubled as compared to ₹1,041.8 crore in the year-ago quarter. The total revenue from operations came in at Rs 29,057.5 crore, rising 24.96 percent from Rs 23,253.3 crore year-on-year (YoY). Profit growth was driven by higher sales and a fall in raw material costs. The EBIT margin of the company also improved 350 basis points year on year (YoY) to 7.6 percent. Profit margin improved 380 basis points YoY to 8.4 percent Read more

Maruti Suzuki Q2 net profit jumps 333 per cent YoY to Rs 2,061 crore

Maruti Suzuki Q2 net profit jumps 333 per cent YoY to Rs 2,061 crore

Friday, October 28, 2022

The Shares of the country's largest car maker Maruti Suzuki India gained 5 percent and touched 1 year high of Rs 9492.55 today after its net profit jumped by 333 percent to Rs 2061.5 crore in Q2 of FY23 compared to the corresponding period of last year on the back of the resolution of chip supply issues, favorable foreign exchange rates, and highest-ever unit sales. Standalone revenue from operations surged 46 percent YoY to Rs 29,931 crore. The company's market cap is nearly ₹2.87 lakh crore. The company sold a total of 517,395 vehicles during the quarter, the highest ever in any quarter. Sales in the domestic market stood at 454,200 units,” its statement said. Therefore, the company also posted the highest-ever sales revenue of Rs 28,545 crore in Q2 of FY23. Shortage of electronic components impacted production by about 35,000 vehicles during the quarter, the company said. Read more

Maruti Suzuki sales up by 26 percent to 1,65,173 units in August

Maruti Suzuki sales up by 26 percent to 1,65,173 units in August

Thursday, September 1, 2022

Automaker Maruti Suzuki India Ltd on Thursday reported a 26.37 percent increase in total sales at 1,65,173 units in August 2022 as compared to 130,699 units sold in the same month of 2021This figure includes domestic passenger vehicle sales and exports. Total domestic passenger vehicle sales were at 1,34,166 units as compared to 1,03,187 units in the year-ago month, a growth of 30 percent, it added. The total number of vehicles exported by Maruti Suzuki for the month of August 2022 is 21,481 units. Sales of mini segment cars, comprising Alto and S-Presso, grew to 22,162 units as against 20,461 units in August 2021. Sales of compact cars, including Baleno, Celerio, Dzire, Ignis, Swift, Tour S, and WagonR, rose by 57 percent to 71,557 units as compared to 45,577 units in the year-ago month. Utility vehicles, consisting of Brezza, Ertiga, S-Cross, and XL6, clocked sales of 26,932 units last month as compared to 24,337 units earlier. Read more

Maruti Suzuki Q3 Results

Maruti Suzuki Q3 Results

Tuesday, January 25, 2022

The country's largest carmaker Maruti Suzuki India reported a 48 percent decline in consolidated net profit to Rs 1,011 crore for the December 2021 quarter, against a profit of Rs 1,941.4 crore in the same quarter last year, mainly due to the ongoing semiconductor shortage and increase in commodity prices. Analysts had expected Rs 1,058 crore. The consolidated revenue from operations declined marginally to Rs 23,253.3 crore in the third quarter, compared to Rs 23,471.3 crore a year ago, it added. The preceding quarter saw the topline at Rs 20,538 crore. The company said despite cost reduction efforts, due to lower sales volume, high commodity prices, and lower non-operating income on account of mark-to-market impact, its profits were comparatively lower. Operating Ebit margin came in at 4.1 percent in Q3FY22 against 6.7 percent in Q3FY21. The profit margin was at 4.6 percent against 8.7 percent in the same quarter last year. Read more

MARKET UPDATE:BSE Sensex 680 points lower at 59,542, and NSE Nifty at 17,730, lower by 195 points

MARKET UPDATE:BSE Sensex 680 points lower at 59,542, and NSE Nifty at 17,730, lower by 195 points

Thursday, January 6, 2022

The Indian benchmark indices were deep in the red as they ended a streak of four-day gains with sharp losses today(6th January 2022). The BSE Sensex was 680 points lower at 59,542, and the NSE Nifty was 17,730, lower by 195 points. The two indices were down over 1 percent each. In tandem with this, the broader markets were also negative but were seen trimming losses. The BSE MidCap and SmallCap indices were down 0.6 and 0.4 percent, as compared to the 1 percent fall in the benchmarks. Sectoral rotation in favour of financials, particularly leading banks, is a likely scenario in 2022. There are market signals and macro triggers favouring financials. So, market corrections may be used to buy high-quality financials and large-cap IT, he said. Read more

MARKET UPDATE:Sensex nearly 500 points down to quote at 56,618 level while the Nifty at 16,891, down 158 points

MARKET UPDATE:Sensex nearly 500 points down to quote at 56,618 level while the Nifty at 16,891, down 158 points

Monday, December 27, 2021

Indian benchmark indices opened lower today(27th December 2021) amid weak sentiment. The BSE Sensex was trading nearly 500 points down to quote at 56,618 level while the Nifty50 was at 16,891, down 158 points. In the broader markets, the BSE MidCap and SmallCap indices were also in the red zone, trading 1 percent lower. Among individual stocks that comprise the Sensex, IndusInd Bank, Bajaj Finance, Bajaj Finserv, Asian Paints, Maruti Suzuki, and Axis Bank were among the top losers that slipped 0.7 percent to 4.6 percent. RBL Bank lost 15 percent to Rs 146 levels after the bank said over the weekend that Vishwavir Ahuja, its managing director, and chief executive officer, had gone on leave after the Reserve Bank of India appointed Yogesh K Dayal as an additional director of the bank. Action for RBL is important in light of the problems encountered by private lenders like YES Bank and Lakshmi Vilas Bank last year. Read more

Today's Market Movers

Today's Market Movers

Wednesday, October 27, 2021

The 65 percent decline in Maruti Suzuki Q2 profit could not drag the auto stock any further. Instead, the stock rose 0.40 percent, on a bad day for the market, to close at Rs 7,325.20 on the BSE. The company said adverse commodity prices and lower sales volume due to electronic component shortages impacted its performance in the September quarter. What might have lifted sentiment is the fact that the company had more than 2,00,000 pending customer orders at the end of the quarter. Analyst views are awaited though. Asian Paints climbed 4.43 percent to Rs 3,094.40 after a couple of brokerages said their interactions with dealers suggest the paintmaker plans to execute another 15-45 percent price increase, effective November 12. This is in addition to the recent 7.5 percent price increases, they said. Read more

Use dips to add auto stocks despite chip shortage concerns

Use dips to add auto stocks despite chip shortage concerns

Wednesday, September 1, 2021

The shortage of semiconductors and chips has hit the Indian automobile sector hard and after Tata Motors, Maruti Suzuki India has slashed output target for September due to a chip shortage. Yesterday (31st August 2021) Maruti Suzuki said that its vehicle production in September will tumble by 60 percent. The company, which had earlier cut down production at its Gujarat plant, said the chip shortage will hit production in Gurugram and Manesar plants, effectively forcing the automaker to cut production by 60 percent. Consequently, shares of the automaker declined 2 percent to Rs 6,700 on the BSE. The ripple effect dented other shares as well with stocks of M&M, Ashok Leyland, and TVS Motors slipping up to 1 percent. Read more

Maruti Suzuki Q1 Results net profit of Rs 441 crore

Maruti Suzuki Q1 Results net profit of Rs 441 crore

Wednesday, July 28, 2021

The country’s largest carmaker Maruti Suzuki India (MSI) on Wednesday reported a a standalone net profit of Rs 440.8 crore for April-June quarter of FY22 (Q1FY22), hit by increased tax expenses and lower sale volumes. The company had posted a net loss of Rs 249.4 crore in the year-ago period. Revenue for the quarter jumped more than four times to Rs 17,770.7 crore against Rs 4,106.5 crore in Q1FY21. On a quarterly basis, the income tumbled 26 per cent from Rs 24,023.7 crore.T he profit declined 62.19 per cent from Rs 1,166.1-crore profit reported in the March quarter of FY21 as auto sales remained disrupted due to localised lockdown during April and May.The numbers came below market expectations. A CNBC-TV18 poll of analysts had estimated the profit and revenue numbers at Rs 675.7 crore and Rs 17,929 crore, respectively, for the quarter. Read more

Maruti Suzuki gains 5 percent as it plans to hike car prices effective July

Maruti Suzuki gains 5 percent as it plans to hike car prices effective July

Tuesday, June 22, 2021

Maruti Suzuki shares rose 5.5 percent to Rs 7,299 on the BSE in intra-day trade on Tuesday after automobile maker Maruti Suzuki India on Monday said it will hike prices of its cars in the second quarter of the current fiscal due to an increase in the input costs. Maruti Suzuki has not specified the extent of the price hike yet. “Over the past year, the cost of the company's vehicles continues to be adversely impacted due to an increase in various input costs. Hence, it has become imperative for the company to pass on some impact of additional cost to customers through a price rise. The price rise has been planned in quarter 2 and the increase shall vary for different models,” Maruti Suzuki said in a statement. On January 18 this year, the automaker had announced a price hike of select models by up to Rs 34,000 due to a rise in input costs. On April 16, Maruti Suzuki announced the weighted average price increase in ex-Showroom Prices (Delhi) across models of 1.6 percent. Read more

Maruti Suzuki Q4 profit down 10% to Rs 1,166 crore

Maruti Suzuki Q4 profit down 10% to Rs 1,166 crore

Tuesday, April 27, 2021

India’s largest passenger car manufacturer Maruti Suzuki India on Tuesday reported a near 10 percent year-on-year fall in net profit to Rs 1,166 crore for the quarter ended March on account of lower sales volume, increase in commodity prices, adverse foreign exchange movement, and lower non-operating income. During the previous year, the company reported a profit of Rs 1,291.7 crore. Revenue from operations in Q4 FY21 stood at Rs 24,023.7 crore, up 32 percent from Rs 18,198.7 crore in the year-ago period backed by strong double-digit growth in sales. In the December quarter of the current fiscal, PAT stood at Rs 1,941.4 crore. On a consolidated basis, the net profit slipped 6.1 percent to Rs 1,241.1 crore. Analysts had expected Maruti to report a 38 percent year-on-year jump in net profit to Rs 1,785 crore for the quarter on revenues of Rs 23,704 crore. Read more

Automobile industry records growth for the 7th straight month

Automobile industry records growth for the 7th straight month

Monday, March 1, 2021

In the Indian market passenger vehicle wholesale continued to grow year-on-year for the seventh straight month in February as demand for personal mobility remains strong during the pandemic despite soaring fuel prices. About 308,000 cars and SUVs were dispatched from factories to showrooms during February, a 23% growth over the preceding year, industry data show. Market leader Maruti Suzuki sold 144,700 passenger vehicles during the month, a year-on-year growth of 8%. Its market share improved by 116 basis points over January to 46.9% but was considerably lower than 53.3% achieved in February 2020. Hyundai Motor and Tata Motors sold 51,600 and 27,224 units during the month, growing by 29% and 119% over last year. Read more

Price hike puts auto stocks in fast lane

Price hike puts auto stocks in fast lane

Tuesday, January 19, 2021

Equity markets in India bounced back today(19th January 2021), nursing losses of the past two days, on strong global cues. The nifty Auto index gained 1.5 percent on the National Stock Exchange (NSE) to hit an intra-day high of 10,113.5. Among individual stocks, Tata Motors jumped as much as 4 percent on the NSE, followed by gains in Ashok Leyland, TVS Motors, Bajaj Auto, and Maruti Suzuki that gained between 1 percent to 3 percent. Yesterday, Maruti Suzuki increased the price for select models by up to Rs 34,000 to offset the adverse impact of rising input costs. With this, India's largest car-maker joins the likes of Mahindra & Mahindra and Tata Motors who have already hiked prices owing to higher input costs. That said, the same uptick in input cost may hurt auto firms' Q3FY21 earnings, analysts say. This is how auto stocks faring on technical charts: Read more

Maruti Suzuki profit raises to 1 per cent at Rs 1372

Maruti Suzuki profit raises to 1 per cent at Rs 1372

Thursday, October 29, 2020

Indias largest Automaker, Maruti Suzuki India on Thursday reported a one per cent year-on-year growth in net profit at Rs 1,372 crore for the September quarter of FY21 against Rs 1,358.6 crore in the same period last year. This is a big update from the company considering it posted a loss of Rs. 249.4 crore for the first quarter of the current financial year ending in June 2020. Revenue rose 10% year-on-year to Rs 18,744 crore, compared with the Rs 19,137-crore estimate.Maruti's Q2 earnings before interest, tax, depreciation, and amortization (Ebitda) came in at Rs 1,933 crore while Ebitda margin for the quarter stood at 10.3 per cent, up to 86 basis points (bps) from 9.46 per cent in Q2FY20.“In Quarter 2, the performance improved on the back of some demand recovery and gradual improvement in supply conditions,” Maruti Suzuki said in a statement.Maruti sold 3.93 lakh units in July-September quarter reporting a massive 413 per cen growth over the previous quarter and 16 per cent. Read more

Wholesale auto sales make comeback: In July Maruti Suzuki sold 88.2 per cent more than June 2020

Wholesale auto sales make comeback: In July Maruti Suzuki sold 88.2 per cent more than June 2020

Saturday, August 1, 2020

India's largest passenger car manufacturer, Maruti Suzuki, today(1st August 2020) announced that it had sold 108,000 units in July, 88.2 percent more than June 2020. The numbers are dispatch from the manufacturer to their dealers and don’t reflect retail sales. While it is a sign of recovery, Maruti executives said that the numbers primarily indicate that supply-side issues like availability of workforce and raw material supply has largely been addressed

Maruti Suzuki posts Rs 249 crore loss for Q1

Maruti Suzuki posts Rs 249 crore loss for Q1

Wednesday, July 29, 2020

Maruti Suzuki on Wednesday reported a consolidated loss of Rs 249.4 crore for the June quarter of FY21 (Q1FY21) as compared to a profit of Rs 1,376.8 crore reported in the corresponding quarter last year due to operating loss and lower revenue following a steep decline in sales volumes during the lockdown. It was the first time since its listing in 2003 that the auto major reported a quarterly loss. Analysts had projected a net loss of Rs 340 crore for the company. Revenue from operations declined sharply by 79.2 per cent to Rs 4,106.5 crore compared to the year-ago period. The company sold a total of 76,599 vehicles during the quarter, sharply lower from 4,02,594 in the same quarter a year ago. Sales in the domestic market stood at 67,027 units, while exports were at 9,572 units. The stock was down at Rs 6,172.35, down 1.83 per cent on the BSE. Read more

Maruti Suzuki Q4 profit falls 28% to Rs 1,292 crore

Maruti Suzuki Q4 profit falls 28% to Rs 1,292 crore

Wednesday, May 13, 2020

The country's largest car manufacturer, Maruti Suzuki reported its March quarter profit of Rs 1,291.7 crore, down by 28.1 per cent YoY due to lower sales during the lockdown, while the company had reported a profit of Rs 1,795.6 crore for March quarter previous year. Revenue dipped 15.2 per cent to Rs 18,207.7 crore. The company had posted revenue of Rs 21,473.1 crore. The sharp fall in tax cost limited the profit decline."Profit was lower on account of lower sales volume, higher sales promotion expenses, partially offset by lower operating expenses, cost reduction efforts and reduction in the corporate tax rate," said the company in its BSE filing. Maruti sold a total of 385,025 vehicles,the company's domestic volumes in Q4 fell by 16 percent YoY and exports fell 17 per cent compared to same period last year, especially after nationwide lockdown in last 10 days of March and amid slowdown in overall sector.

Maruti Suzuki car sales decrease 47% in March

Maruti Suzuki car sales decrease 47% in March

Wednesday, April 1, 2020

The country's largest passenger car manufacturer Maruti Suzuki India Ltd (MSIL) reported 47 per cent year-on-year fall in its total sales during March to 83,792 units, as automakers in the country were forced to suspend operations amid a nationwide lockdown aimed to contain the spread of the coronavirus pandemic. The company had sold 1,58,076 units in March last year. Data showed the company sold 76,976 vehicles last month, 47.4 per cent less than 145,000 in March last year. Export sales were down 55 per cent to 4,712 units from 10,463 in the year-ago period. Sales of mini cars comprising Alto and WagonR stood at 15,988 units as compared to 16,826 units in the same month last year, down 5 per cent. In the domestic market, light commercial vehicles suffered a blow of 71.5 per cent to 736 units in March 2020 compared to 2,582 units in March 2019.

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