BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Nirmal Bang Report
Maruti Suzuki India Ltd. reported Q2 FY21 profit after tax of Rs 13.7 billion, up 1% YoY and below our expectation, as other income declined due to lower fair gains on invested surplus.
Ebitda margin stood at 10.3%, a tad better than our estimate of 10% and up 80 basis points YoY on account of higher sales volume, lower sales promotion expenses, lower operating expenses and cost reduction efforts.
These were partially offset by higher commodity prices and adverse foreign exchange movement.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.