Maruti Suzuki India Q2 Results Live : Maruti Suzuki India declared their Q2 results on 29 Oct, 2024, revealing a modest increase in revenue by 0.29% year-on-year, while profit saw a significant decrease of 18.05% compared to the same quarter last year.
In a quarter-on-quarter comparison, revenue grew by 4.67%, yet profit experienced a drop of 17.48%. This highlights the challenges faced by the automotive giant amid fluctuating market conditions.
The company’s Selling, General & Administrative expenses showed a decrease of 4.39% when compared to the previous quarter; however, they rose by 10.54% year-on-year, indicating rising operational costs.
Operating income also took a hit, down by 4.29% on a quarterly basis and 9.12% year-on-year, reflecting ongoing pressures in the automotive sector.
Earnings per share (EPS) stood at ₹98.68 for Q2, marking an 18.05% decrease year-on-year, further underscoring the profit challenges faced by Maruti Suzuki.
In terms of stock performance, Maruti Suzuki India has reported a -7.36% return in the past week, a more substantial -13.82% return over the last six months, although it maintains a positive 7.22% year-to-date return.
As of now, Maruti Suzuki India boasts a market capitalization of ₹347,289.1 Crores, with a 52-week high of ₹13,680 and a low of ₹9,737.65.
Analyst sentiment is mixed; out of 39 analysts covering the company, 1 has issued a Strong Sell rating, 2 a Sell rating, 12 a Hold rating, 11 a Buy rating, and 13 a Strong Buy rating.
The consensus recommendation as of 30 Oct, 2024, is to Buy, reflecting optimism despite the current quarterly challenges.
Maruti Suzuki India Financials
Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
---|---|---|---|---|---|
Total Revenue | 37449.2 | 35779.4 | +4.67% | 37339.3 | +0.29% |
Selling/ General/ Admin Expenses Total | 1680.7 | 1757.9 | -4.39% | 1520.4 | +10.54% |
Depreciation/ Amortization | 1385.7 | 1331.7 | +4.05% | 1341.9 | +3.26% |
Total Operating Expense | 33836.1 | 32004.5 | +5.72% | 33363.5 | +1.42% |
Operating Income | 3613.1 | 3774.9 | -4.29% | 3975.8 | -9.12% |
Net Income Before Taxes | 5140.6 | 4835.7 | +6.31% | 4892.2 | +5.08% |
Net Income | 3102.5 | 3759.7 | -17.48% | 3786 | -18.05% |
Diluted Normalized EPS | 98.68 | 119.58 | -17.48% | 120.42 | -18.05% |