Maruti Suzuki India (MSIL) is declaring its third quarter (Q3) results on Wednesday and it is expected to report an eight per cent growth year-on-year (y-o-y) in its net profit to about ₹3,370 crore as compared with 3,130 crore in the corresponding period last fiscal year.

Due to bumper sales during festive season and continuous sales growth in both domestic and exports in December too, analysts expect its total revenue also to grow by around 16 per cent y-o-y to ₹38,702 crore for the period in review as compared with ₹33,308 crore in Q3FY24.

In December, the company has sold 1,30,117 units of passenger vehicles (PVs) as compared with 1,04,778 units in the corresponding month last year. In exports too, the company recorded growth y-o-y with sales of 37,419 units against 26,884 units in December 2023.

The company had reported a decline of 18 per cent y-o-y in its consolidated net profit to ₹3,102.5 crore during the Q2 ended September 30 due to poor demand in the domestic market. The auto major had reported a consolidated net of ₹3,786 crore in Q2 last year.

The company had said that the impact for fall on net profit was due to a provision of ₹837.6 crore resulting from withdrawal of indexation benefit and change in tax rate on long term capital gains on debt mutual funds as per the Finance Act 2024. This impact was intimated earlier to the stock exchanges on August 17, 2024, it had informed.

However, total revenue from operations grew marginally to ₹37,449 crore y-o-y in the July-September quarter, as compared with ₹37,339 crore in the same quarter previous year.

Shares of MSIL was trading at ₹12,148.15 apiece on the BSE at 9.51AM, up 0.21 per cent from the previous close.

Published on January 29, 2025