Here's what brokerages expect from Maruti Suzuki's Q4 results today
Maruti Suzuki's stock tumbled 41.35 per cent in Q4FY20 as compared to the 29.42 per cent decline in Nifty50 index in the same period
DLF Maruti Suzuki India Gail India
Last Updated at May 13, 2020 13:23 IST
Maruti Suzuki India will report its March quarter results of the financial year 2019-20 (Q4FY20) on Wednesday.
Analysts expect India's largest carmaker's profit in the fourth quarter of financial year 2019-20 (Q4FY20) to fall anything from 18 per cent to 40 per cent on a year-on-year basis, while revenue decline to be in early teens, largely led by sharp fall in volumes. The automaker had posted revenue of Rs 21,460 crore and profit of Rs 1,800 crore in the corresponding quarter last year. "Indian auto companies are likely to report dismal 4QFY20 results given the sharp ...
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First Published: Wed, May 13 2020. 13:20 IST