10 April 2024 – Motilal Oswal, a leading brokerage firm, has released its earnings estimates for the fourth quarter (January – March 2024) for the Automobiles sector. The firm anticipates Maruti Suzuki to report a significant year-on-year growth in net profit, reaching Rs 3,973.4 crore, marking a 51.4% increase from the previous year and a 26.9% rise quarter-on-quarter.
According to Motilal Oswal’s projections, Maruti Suzuki’s net sales are expected to surge by 21.5% year-on-year to Rs 38,947.9 crore, with a quarter-on-quarter increase of 16.9%. Additionally, the firm forecasts a substantial growth in earnings before interest, tax, depreciation, and amortization (EBITDA), estimating a 48.8% year-on-year rise to Rs 4,986.8 crore, with a quarter-on-quarter increase of 27.6%.
