How do you see the quarterly results of Maruti for Jun-21 quarter?

For the Jun-21 quarter, there was a turnaround with Maruti Suzuki reporting net profits of Rs.441 crore compared to a net loss of Rs.249 crore in the corresponding Jun-20 quarter. The sales of cars remained substantially under pressure if you compare on a sequential basis which actually gave the picture of the impact of COVID 2.0. However, the yoy numbers were quite healthy since the Jun-20 quarter represented a very low base by itself.

Maruti sold a total of 353,614 units during the Jun-21 quarter which included a total of 308,095 units sold in India and 45,519 units that were exported to other countries. For the Jun-21 quarter, Maruti Suzuki reported revenues up almost four-fold at Rs.17,771 crore. Sequentially, EBITDA margin contracted 370 bps at 8.3% and this was largely on account of the lag effect of the second round of COVID.