Maruti Suzuki India Set to Release Q3 Results

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Maruti Suzuki India, one of the leading automakers in the country, is scheduled to announce its third-quarter results on Wednesday. Here are the key details you need to know:

Net Profit Forecast

According to a poll of analysts conducted by FactSet, Maruti Suzuki is expected to report a 24% increase in net profit for the quarter ended December 31, reaching INR 29.10 billion ($350.0 million) on an unconsolidated basis. This figure compares to a profit of INR 23.51 billion in the same period last year.

Revenue Forecast

The FactSet poll also suggests that third-quarter revenue is likely to have risen by 16% compared to the previous year, reaching INR 335.52 billion.

What to Keep an Eye On


Investors will be paying close attention to Maruti Suzuki’s net-profit margin. In the second quarter, the company’s margin increased to 10.5% from 7.2% in the previous year. Factors contributing to this improvement include a decrease in commodity prices, cost-cutting measures, and enhanced capacity utilization. As automakers worldwide grapple with high inflation, any further margin improvement will be closely watched.


Maruti Suzuki experienced a 9.7% growth in exports during the second quarter, with 69,324 vehicles shipped abroad. Investors will be keen to monitor the pace of export growth as the company expands its vehicle lineup for international markets.

EV (Electric Vehicle) Initiative

Maruti Suzuki plans to launch its first battery electric vehicle in India during the fiscal year starting in April. Investors and industry observers will be interested in any updates and details regarding the company’s EV initiatives.

Despite a slight decline of 3.0% in the stock’s value year-to-date, Maruti Suzuki’s shares closed at INR 9,993.50 on Monday, following a 2.9% drop in the previous October-December period.

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