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NEW DELHI: Indias top carmaker Maruti Suzuki, which is scheduled to announce its September quarter earnings on Thursday.

Weakness in the entry-level category (Alto, Wagon R) and SX4/Ciaz models was slightly offset by a relatively strong showing by the mid-level category in September quarter.

An assessment by Karvy Stock Broking showed that Maruti Suzuki may report 9.60 per cent year-on-year (YoY) growth in net profit and ebitda de-growth of 3.60 per cent during the quarter under review.

Also, the countrys biggest carmaker may report 2.50 per cent rise in sales in Q2FY19. The brokerage house also projected a 100 basis points cut in ebitda margin for Maruti Suzuki.

Overall volume de-growth of 1.5 per cent YoY is likely to keep revenue growth muted.

Another brokerage IDBI Capital Markets projected 19 per cent YoY fall in net profit at Rs 2,011.40 crore. “We expect revenues to grow by 3 per cent YoY and ebitda margin to stood at 14.7 per cent,” IDBI Capital Markets said in a report.

Market participants should watch management commentary, demand outlook for festive season, updates on pricing or discounting pressures and outlook on raw material prices.

The company is expected to report EPS of Rs 281 and Rs 330 in FY19E and FY20E respectively, according to Karvy Stock Broking.

Shares of Maruti settled 0.08 per cent up at Rs 6,768.55 on the BSE on Wednesday. On a year-to-date basis, the scrip has plunged nearly 30 per cent, while the benchmark BSE Sensex has advanced 0.65 per cent to 34,034 during the same period.

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