Maruti Suzuki Q2 PAT may dip 48.5% YoY to Rs. 1,153 cr: Reliance Securities

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Net Sales are expected to decrease by 26.4 percent Y-o-Y (down 16.2 percent Q-o-Q) to Rs. 16,516.9 crore, according to Reliance Securities.

Reliance Securities has come out with its second quarter (July-September’ 19) earnings estimates for the Auto sector. The brokerage house expects Maruti Suzuki to report net profit at Rs. 1,153 crore down 48.5% year-on-year (down 19.6% quarter-on-quarter).

Net Sales are expected to decrease by 26.4 percent Y-o-Y (down 16.2 percent Q-o-Q) to Rs. 16,516.9 crore, according to Reliance Securities.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 54.2 percent Y-o-Y (down 23.2 percent Q-o-Q) to Rs. 1,570.2 crore.

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