Revenue is seen going up by 11 percent at Rs 11,350 crore in the quarter ended June 2014 from Rs 10,237.3 crore in same quarter last year. Operating profit (EBITDA) of the company may grow 17 percent on yearly basis to Rs 1,365 crore and margin may expand 60 basis points to 12 percent in the quarter gone by.
India's largest car maker Maruti Suzuki will announce its first quarter (April-June) earnings on Thursday. According to CNBC-TV18 poll estimates, analysts expect a 15.5 percent year-on-year growth in profit after tax at Rs 730 crore on account of higher sales and operational performance.
Revenue is seen going up by 11 percent at Rs 11,350 crore in the quarter ended June 2014 from Rs 10,237.3 crore in same quarter last year. Operating profit (EBITDA) of the company may grow 17 percent on yearly basis to Rs 1,365 crore and margin may expand 60 basis points to 12 percent in the quarter gone by.
After 3 straight years of subdued growth, the company's volumes showed signs of turnaround in April-June quarter. Total volumes increased by 13 percent Y-o-Y to 2.99 lakh units led by success of Celerio launched in February 2014 and exports growth of 39 percent. Domestic volumes growth in the quarter was 10.3 percent.
Even shift in preference towards petrol variants and increase in discounts helped volume growth during the quarter. Dealers said discounts have been at record highs, up from Rs 8,000 per vehicle to Rs 17,000 per vehicle over last 24 months.
Analysts expect a big sequential growth in margin due to one-off dealer compensation payment (due to excise duty cut) in Q4FY14. It had lost 200 basis points in margin due to this one-off and high employee cost which should reverse this quarter, say analysts, adding this reversal and the positive forex impact should offset negative operating leverage due to seasonality and high discounts given.
Also 2.5 percent depreciation in average yen rate during the quarter will benefit both direct and indirect imports. Thus, raw material cost per unit is expected to fall 1.6 percent to Rs 2.72 lakh per unit, say analysts. Realisations increased 150 basis points sequentially to Rs 3.77 lakh per unite as share of exports have risen 200 basis points Q-o-Q.
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