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Maruti Suzuki shares decline over 2% after Q1. Morgan Stanley, Motilal Oswal decode the road ahead
Maruti Suzuki shares fell over 2% after the automaker reported an 11% YoY decline in June-quarter standalone net profit, even as revenue rose 36% and sales volumes hit a record high. While Nomura retained a Neutral rating citing margin risks, Motilal Oswal reiterated its Buy call, expecting market share gains, easing input costs and strong earnings growth to support the stock.
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economictimes.indiatimes.com
Maruti Suzuki Q1 Results: Profit falls 11% YoY to Rs 3,352 crore; revenue rises 36%
The drop in profit came despite a 36% year-on-year increase in revenue from operations to Rs 52,456 crore during the reporting period.
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thehindubusinessline.com
Maruti Suzuki Q1 profit falls to ₹3,352 crore on higher raw material costs
Maruti Suzuki reports a quarterly profit decline due to rising raw material costs, despite increased vehicle sales and revenue growth.
