InvestorQ : How did you find the Maruti numbers announced on Thursday?
Deepa Salunkhe made post

How did you find the Maruti numbers announced on Thursday?

Arya Nanda answered.
4 months ago

It surely looks like Maruti Suzuki has gleaned the full benefits of the festive season between October and December. The Q3 PAT was up 25.8% at Rs.1,997 crore for the Dec-20 quarter. Even if you look at the top line revenues, there were up 13.27% at Rs.23,471 crore. It now needs to be seen if this festive fervour sustains in the next quarter.

The festive season resulted in car sales picking up across key segments including the entry level and the mid level segments. This festive season demand successfully combined with pent up demand post-COVID. This led to the operating profits moving up by 24.8% at Rs.1,601 crore and the OPM expansion to 6.82% during the quarter.

The bottom line also showed impressive growth in the Dec-20 quarter. In fact, PAT for the Dec-20 quarter expanded by 25.8% to Rs.1,997 crore as the bottom line got a real credible boost from a sharp spike in investment and miscellaneous income. Apart from the sales growth, these items also added to the heft in profits.