Maruti Suzuki Q3FY22 Earnings Preview: PAT likley to see a 55% YoY drop; cost inflation to hit margins

by Kushal Gupta

Maruti Suzuki Q3FY22 Earnings Preview: India’s largest passenger car maker Maruti Suzuki India Limited (MSIL) will be announcing its December quarter results on Tuesday. The compan y is expected to report a week quarterly result for Q3FY22.

The company is expected to report a 13 per cent fall in the volumes to 4.3 lakh units for the reporting quarter. This could lead to a downfall in the revenues on the year-on-year (yoy) basis. The income for the October-December quarter is likley to be Rs 23,200 cr down from Rs 23,458 cr reported in the corresponding quarter in Q3FY21.

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Meanwhile, the profits are expected to be lower by 55 per cent in Q3FY22 t Rs 870 cr versus Rs 1941 cr in the year ago period. The operational profits are estimated at Rs 1150 cr, which is down by over 48 percent year-on-year from Rs 2226 cr in Q3FY21. While the realisatins have increased the hiy has been on the back of cost inflation.

The margins are expected to come down from 9.5 per cent in the year ago period to 5 per cent in the reporting quarter.

As for the segments, CNG is expected to do well while the company is likley to report a hit in its SUV segment. It could even lose its market share.

The company has a strong focus on new product launches. It could be revealed in the management commentary.

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Shares of Maruti Suzuki today ended at Rs 8038 on the NSE, down by 1.9 per cent from the Fridar closing price.