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Maruti Suzuki India may slip up to 32 per cent during the June quarter of FY22, owing to a sequential rise in average selling prices (ASPs), higher prices taken during the quarter, said analysts.
Moreover, the bottom line could be positive, relative to a net loss posted last year, as auto demand remained resilient during the second wave of Covid-19 co mpared to the previous year’s nationwide lockdown. The auto major is slated to report its Q1FY22 result on Wednesday, July 28.
Analysts, on average, expect the automaker to report a standalone net profit anywhere between Rs 787 crore and Rs 987.7 crore. However, the outlier figures on the extreme ends peg the same at Rs 426 crore and Rs 1,097.4 crore.
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Maruti Suzuki had posted a net loss of Rs 249.4 crore in the year-ago period and a profit of Rs 1,166.1 crore in Q4FY21. On the revenue front, analysts estimate the income to rise in the range of 340 to 353 per cent year-on-year (YoY) and decline 22 to 25 per cent QoQ, up to Rs 18,619 crore.
Stock Covered in the news
