Earnings Alerts

Maruti Suzuki India (MSIL) Earnings: September Sales Rise by 1.9% with Strong Export Growth

  • Maruti Suzuki’s total sales in September 2024 were 184,727 units.
  • This represents a 1.9% increase compared to September 2023 when sales were 181,343 units.
  • Local sales for September 2024 stood at 156,999 units.
  • Local sales decreased by 1.2% year-over-year.
  • Exports in September 2024 were 27,728 units.
  • Exports saw a significant rise of 23% compared to the same period last year.
  • Analyst ratings for Maruti Suzuki include 31 buy recommendations, 11 hold recommendations, and 4 sell recommendations.

Maruti Suzuki India on Smartkarma



Analysts on Smartkarma, such as Brian Freitas, are closely monitoring the developments surrounding Maruti Suzuki India. In his recent report titled “India: Potential Free Float Changes & Passive Flows in May,” Freitas highlighted the potential impact of changes in shareholding patterns on the stock’s float. Companies in India have disclosed their shareholding patterns as of end-March, which could lead to changes in free float for some stocks in local and global indices. This shift in free float may result in actions from passive trackers, with some stocks seeing passive inflows while others could experience outflows in May.



A look at Maruti Suzuki India Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth4
Resilience4
Momentum4
OVERALL SMART SCORE3.8

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 leading automobile manufacturer known for its collaboration with Suzuki of Japan to create affordable cars for the everyday Indian, is positioned for a promising long-term outlook. According to Smartkarma Smart Scores, Maruti Suzuki India has performed well across key indicators. With a strong score of 4 in Dividend, Growth, Resilience, and Momentum, the company demonstrates solid financial health, growth potential, and market resilience.

The combination of robust scores in Dividend, Growth, Resilience, and Momentum bodes well for Maruti Suzuki India‘s future prospects. A score of 3 in Value further indicates that the company’s stock may offer good value based on its current market price. Overall, Maruti Suzuki India‘s positive Smart Scores suggest a favorable outlook for investors seeking long-term opportunities in the Indian automobile sector.


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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars