Maruti Suzuki India Q4FY17 Standalone Net Profit Rises 15.8% Yoy, But Misses Estimates


Maruti Suzuki ltd's Q4FY17 standalone results for the quarter registered a miss versus street estimates. Revenue for the quarter came in 3.3 % lower than the estimated figure of Rs. 18621 crore. EBITDA for the quarter came in 14.9 % lower than the estimated figure of Rs. 2624 crore. And lastly, net profit for the quarter came in 1.7 % lower than the estimated figure of Rs. 1739 crore.

Maruti Suzuki ltd standalone revenue for the quarter came in at Rs. 18005 crore, registering 18.1% yoy increase. This was primarily driven by higher sales growth.

EBITDA for the quarter fell by 4.1% yoy to Rs. 2233 crore with a corresponding margin contraction of 288 bps. EBITDA margin for the quarter stood at 12.4%. This margin contraction was aided by increase in cost of material consumed by 23% yoy to Rs.11617 crore in Q4FY17.

The PAT for the quarter came in at Rs. 1709 crore, yoy increase of 15.8%. This was due to decline in effective tax rate to 25% in Q4FY17 vs 29% Q4FY16.

looking at full year numbers, we see that revenue jumped by 19% yoy to reach Rs. 66909 crore while EBITDA rose by 18% yoy to Rs. 9228 crore. Company reported net profit of Rs. 7738 crore, up by 37% yoy.

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