Maruti Suzuki Q4 Results Preview: Net profit likely to soar over 50%, margin may improve by 250 bps

Maruti Suzuki India Q4 FY24 Results Preview: Maruti Suzuki India, the country's largest carmaker, is all set to report its financial results for the quarter as well as the year ended March 31, 2024, on Friday, April 26. Analysts expect the automobile giant, whose popular passenger cars include Wagon R, Dzire, Swift, Baleno and Brezza, to stage a strong quarterly performance riding on the back of strong volumes and better realisations.

What to expect in Maruti Suzuki's upcoming Q4 earnings report  

According to Zee Business research, Maruti Suzuki India is estimated to register a standalone net profit of Rs 3,950 crore for the January-March period, which translates into a jump of 50.5 per cent compared with the corresponding period a year ago. The analysts expect the auto giant to clock 20.8 per cent growth in fourth-quarter revenue to Rs 38,700 crore. 

Maruti Suzuki's March-quarter earnings before interest, taxes, depreciation and amortisation (EBITDA) are estimated to grow 50.7 per cent to Rs 5,050 crore, according to the research.

Zee Business analysts peg the auto giant's margin to improve by 250 basis points on a year-on-year basis to 13 per cent, owing to its improving product mix with a rising share of SUVs. They estimate the company's quarterly sales volume to rise 13.4 per cent to 5.84 lakh units and its realisation to improve by 7.1 per cent to Rs 6.67 lakh per unit boosted by a lack of discounts. 

Brokerage Sharekhan expects Maruti Suzuki's sales to increase 22 per cent on a year-on-year basis to Rs 39,111 crore. 

Analysts at the brokerage, which has a 'buy' rating on Maruti Suzuki, peg the carmaker's fourth-quarter net profit at Rs 3,743 crore, up 42.7 per cent compared with the year-ago period. 

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Maruti Suzuki Q4 earnings: Key things to watch out for

Investors will keenly track the following in the auto major's earnings report:

• Timeline of launches
• FY25 margin guidance
• Production and export outlook

Maruti Suzuki shares: Past performance

As of April 24, Maruti Suzuki shares have delivered a return of 52 per cent in the past year, outperforming a 26 per cent rally in the headline Nifty50 index though underperforming a 70 per cent surge in the sectoral Nifty Auto gauge. 

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