Home Business Maruti’s net profit seen at Rs. 528 crore in Q2

Maruti’s net profit seen at Rs. 528 crore in Q2

Maruti’s net profit seen at Rs. 528 crore in Q2

Maruti Suzuki11October 28,  Maruti Suzuki to post a net income of Rs. 528 crore in its second quarter on income of Rs. 10,256 crore.

The numbers aren’t comparable its year-earlier quarter.
Maruti had suffered a shutdown at its Manesar plant due to labour unrest in the second quarter of the previous quarter.
In the July-September quarter of FY13, Maruti had reported a profit of Rs. 227 crore on income of Rs. 8,070 crore.

Maruti’s volumes in the second quarter of this financial rose to 2.75 lakh, up 3.4 % from the previous quarter.

Analysts expect Maruti’s realization at Rs. 3.69 lakh per vehicle within the July-September quarter of this financial vs Rs. 3.5 lakh a year earlier. On a quarter-on-quarter basis, Maruti’s realization is predicted to fall 1.7 % on higher discounts.

Car sales in India fell 4.7 % in the first six months of this financial year, the sharpest decline in half-year sales since 2002-2003, consistent with figures discharged by the Society of Indian Automobile manufacturers (SIAM). This has LED car manufacturers to supply additional discounts and freebies to attract customers.

The operating margin of the country’s biggest car maker is predicted at 9.7 percent, a fall of 180 bits per second from the previous quarter on higher discounts.

Maruti’s shares were trading 0.75 % higher at Rs. 1,518 prior the earnings announcement due later in the day.


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