Maruti Suzuki Q3 Results Preview: PAT to likely grow by one-fourth to Rs 2,950 crore powered by SUVs

Maruti Suzuki India, the country’s largest carmaker, is slated to announce its Q3 earnings on Wednesday (January 31). Analysts expect the auto major to stage a strong financial performance on the back of price hikes, a better product mix and robust growth in its SUV segment.

According to Zee Business research, the auto major is estimated to register a standalone profit after tax of Rs 2,950 crore for the quarter ended December 31, 2023, translating into a year-on-year (YoY) increase of 25.5 per cent. The analysts expect Maruti Suzuki India—whose popular cars include Wagon R and Baleno—to record a 15 per cent rise in quarterly revenue to Rs 33,400 crore, on the back of 7.6 per cent growth in volumes to 5.01 lakh units. 

Zee Business analysts expect the share of SUVs in Maruti Suzuki's total volumes to improve to 36 per cent from 24 per cent and its overall realisations to increase 7.1 per cent to Rs 6.67 lakh per unit. They peg a 34 per cent year-on-year increase in the carmaker's earnings before interest, taxes, depreciation, and amortisation (EBITDA) to Rs 3,800 crore.

Analysts say key things worth tracking in the company's earnings report will be its:

--commentary on the timeline of launches, and 

--outlook on production and exports market