Maruti Suzuki Q1 PAT seen 55% up at Rs 660 crore

MUMBAI: India's largest car-maker, Maruti Suzuki India will be announcing its quarterly results tomorrow. According to ET Now poll, the company is likely to report a net profit of Rs 660 crore, up 55.7 per cent, as compared to a net profit of Rs 423.8 crore in the corresponding quarter last fiscal.

Sales for April-June quarter are seen at Rs 10,025 crore, down 7 per cent, as compared to Rs 10,778.1 crore in year-ago period.

The year-on-year (YoY) number is not comparable due to SPIL merger.

Q1 EBITDA is seen at Rs 1,190 crore, up 51.2 per cent, from Rs 787 crore, y-o-y and margins are seen at 11.9 per cent vs 7.3 per cent, YoY.

According to analysts, the car volumes are likely to have declined by 10 per cent and will impact margins. Higher discounts, lower diesel car demand are likely to hit profits.

SPIL merger and favorable yen movement will benefit the company.

Investors will keenly await the management commentary on inventory, discounting trends, new launches, guidance on FY14 volume growth, margins and forex hedges.