Maruti Suzuki, India’s leading passenger car manufacturer, is expected to report strong earnings for the December quarter, which ends in January 2025. Analysts predict that the company will show solid growth in revenue and profits due to good product sales and increased car volumes, especially during the festive season.
For Q3 FY25, Maruti’s revenue is likely to rise by 14-16% compared to last year, reaching between ₹37,900 crore and ₹38,500 crore. Net profit is expected to grow by 11-15%, to a range of ₹3,490 crore to ₹3,600 crore.
In comparison, Maruti’s revenue for the same quarter last year (Q3 FY24) was ₹33,309 crore, and ₹37,203 crore in the previous quarter (Q2 FY25). The net profits were ₹3,130 crore in Q3 FY24 and ₹3,069 crore in Q2 FY25. However, analysts expect the company’s profit margin to shrink slightly by 40-60 basis points in Q3 FY25 due to higher discounts offered during the quarter.
Ahead of the earnings announcement, Maruti Suzuki’s stock is trading at ₹12,210 per share, up 0.72% on January 28, 2025, and has increased by 12.4% this month.
Technical View of Maruti Suzuki Price
Maruti Suzuki share price currently trend on above their 21-day and 50-day exponential moving averages (EMAs) during the week ending January 17, it shows the positive trend according to the weekly chart. Additionally, the daily chart also shows a strong technical outlook, as the stock is currently trading above all key EMAs, including the 21-day, 50-day, and 200-day averages.