- Maruti Suzuki’s net income for the first quarter was 36.5 billion rupees, a 47% increase year-over-year.
- This net income surpassed analysts’ estimates of 32.72 billion rupees.
- Revenue for the quarter reached 355.3 billion rupees, up 9.9% year-over-year, beating estimates of 348.3 billion rupees.
- Total costs for the quarter were 318.2 billion rupees, an increase of 5.6% year-over-year.
- Raw material costs rose by 16% year-over-year to 121.2 billion rupees.
- Employee benefits expenses increased by 6.8% year-over-year to 15.6 billion rupees, higher than the estimated 13.92 billion rupees.
- The company’s performance has led to 31 buy ratings, 11 hold ratings, and 4 sell ratings from analysts.
Maruti Suzuki India on Smartkarma
Analysts on Smartkarma are providing insightful coverage on Maruti Suzuki India, with contrasting perspectives. Brian Freitas, with a bearish outlook, highlights potential shifts in free float due to shareholding changes, impacting stock inclusion in indices. Passive trackers might experience significant trading activity in certain stocks based on disclosed shareholding patterns up to March. Depending on data timing, 14 stocks could see passive inflows, while 7 may experience outflows in May.
Conversely, Tina Banerjee adopts a bullish stance, emphasizing Maruti Suzuki India‘s market leadership in the UV segment. The company saw a notable 15% YoY revenue growth in Q3FY24, driven by a substantial 60% YoY increase in UV domestic volume. Maruti’s robust UV position and planned capacity expansion to 4Mn units by 2030-31 could provide a competitive edge. With revenue growth and margin expansion, Maruti Suzuki’s strategic growth plans are well-positioned for long-term success.
A look at Maruti Suzuki India Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Maruti Suzuki India Limited, a prominent player in the automobile industry, has received favorable scores in various aspects according to Smartkarma’s Smart Scores. With solid ratings in Dividend, Growth, and Resilience, the company seems well-positioned for long-term success. This indicates a positive outlook for Maruti Suzuki India‘s future prospects. Despite a slightly lower momentum score, the company’s overall performance suggests a strong foundation for continued growth and stability.
Maruti Suzuki India Limited, known for manufacturing and exporting automobiles, has established itself as a key player in the Indian market. Partnering with Suzuki of Japan, the company focuses on producing affordable vehicles tailored to meet the needs of the average Indian consumer. With solid Smart Scores in Value, Dividend, Growth, and Resilience, Maruti Suzuki India demonstrates a well-rounded approach towards sustaining its position in the industry, positioning it as a promising investment option with a positive long-term outlook.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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