BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Prabhudas Lilladher Report
For Q4 FY21, Maruti Suzuki India Ltd. reported lower than estimated Ebitda at Rs 19.9 billion (our estimate Rs 20.7 billion) while lower other income at Rs 0.9 billion (down 90% YoY, our estimate Rs 7.5 billion) dragged adjusted profit after tax by approximately 10% YoY at Rs 11.7 billion (our estimate Rs 15.5 billion).
Although raw material inflation and volume uncertainty to persists over Q1 FY22, passenger vehicle as a segment will likely emerge stronger with ease in standard operating procedures by state governments.
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