Maruti Suzuki gains 2% ahead of Q4 results
Karvy Stock Broking sees a 13.60 per cent annual jump in sales, driven by increasing demand for UV Vehicles.
By ETMarkets.com |
Agencies
Axis Capital has estimated an annual net profit and sales growth of 21 per cent and 14 per cent, respectively.
NEW DELHI: Shares of Maruti Suzuki climbed nearly 2 per cent ahead of its fourth quarter results slated for later in the day. India's biggest carmaker is likely to post double-digit growth in bottom and top line, say analysts.
The stock rose 1.8 per cent to hit a high of Rs 9,109.75 on BSE at around 10 am (IST).
Karvy Stock Broking sees a 13.60 per cent annual jump in sales, driven by increasing demand for UV Vehicles and a better product mix like Vitara Brezza, Baleno and the like. It projected Ebitda margin to improve by 139 basis points on operating leverage benefit. Karvy sees 20.50 per cent yearly growth in net profit at Rs 2,060.50 crore in Q4 FY18.
Axis Capital has estimated an annual net profit and sales growth of 21 per cent and 14 per cent, respectively. Ebitda may go up 27 per cent.
Market participants are expected to zero in on an update on demand scenario, channel investor, discounting trends and new launches in the quarterly numbers. Clarity on action plan under Suzuki-Toyota partnership and update on royal reduction proposal are other monitorables.
Motilal Oswal Financial Services sees 2.20 per cent improvement in net realisation at Rs 4,51,896 per unit.
“Growth in realisation is likely to be driven by improvement in product mix and nil discounts on newly launched products,” the brokerage house added. The brokerage firm expects 27.90 per cent annual rise in net profit at Rs 2,300.70 crore in Q4 FY18.
The stock rose 1.8 per cent to hit a high of Rs 9,109.75 on BSE at around 10 am (IST).
Karvy Stock Broking sees a 13.60 per cent annual jump in sales, driven by increasing demand for UV Vehicles and a better product mix like Vitara Brezza, Baleno and the like. It projected Ebitda margin to improve by 139 basis points on operating leverage benefit. Karvy sees 20.50 per cent yearly growth in net profit at Rs 2,060.50 crore in Q4 FY18.
Axis Capital has estimated an annual net profit and sales growth of 21 per cent and 14 per cent, respectively. Ebitda may go up 27 per cent.
Market participants are expected to zero in on an update on demand scenario, channel investor, discounting trends and new launches in the quarterly numbers. Clarity on action plan under Suzuki-Toyota partnership and update on royal reduction proposal are other monitorables.
Motilal Oswal Financial Services sees 2.20 per cent improvement in net realisation at Rs 4,51,896 per unit.
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“Growth in realisation is likely to be driven by improvement in product mix and nil discounts on newly launched products,” the brokerage house added. The brokerage firm expects 27.90 per cent annual rise in net profit at Rs 2,300.70 crore in Q4 FY18.
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