reports
- Deepak Jain
Maruti Suzuki's Q4FY18 results (Outperformer) - Weak quarter, growth ...
Q4FY18 results Adj PAT in-line; operating performance weak: Maruti Suzuki’s Q4FY18 Adj PAT at Rs 20.6bn (+21% yoy) was in-line with estimates. Reported PAT at Rs 18.8 bn (+10% yoy) had a one off finance costs of Rs 2.5bn on account of settlement of enhanced compensation to land owners. Operating performance weak on higher operating exp: Revenues at Rs211bn (up 15% yoy) were driven by volume growth of 11% yoy and supported by 2.5% qoq rise in realisations mainly due to improvement in product...
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