IDBI Capital: Maruti Suzuki’s Outlook Remains Bright
Maruti Suzuki vehicles stand lined up at the Maruti Suzuki India Ltd. Brand Centre in New Delhi. (Photographer: Prashanth Vishwanathan/Bloomberg)

IDBI Capital: Maruti Suzuki’s Outlook Remains Bright

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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.

IDBI Capital Report

Maruti Suzuki India Ltd.’s Q2 FY21 results were below our and consensus estimates at revenue and adjusted profit after tax level due to lower realisation and lower other income.

Ebitda margin for the quarter stood at 10.3% versus our and consensus estimates of 9.5% and 10.6% respectively.

We believe pent demand and preference for personal mobility has helped the company to register good numbers during festive season.

Click on the attachment to read the full report:

IDBI Capital Maruti Suzuki Q2FY21 Result Update.pdf

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