Q1FY19 Result: Maruti Suzuki tanked 4 per cent on missing street estimates

Maruti Suzuki reported its results for the quarter ended June 30, 2018. The standalone revenue for the quarter came in at Rs. 22,459.4 crore, registering 13.6 per cent yoy increase. The automaker's domestic sales grew by 25.9 per cent whereas exports grew marginally by 1.9 per cent on yoy basis. The company has witnessed 24.3 per cent rise in sales volumes during the quarter.

EBITDA for the quarter increased by 43.8 per cent yoy to Rs. 3,351.1 crore with a corresponding margin expansion of 313 bps. EBITDA margin for the quarter stood at 14.9 per cent. This was on account of higher sales volume, favourable product mix and cost reduction efforts, partially offset by adverse commodity prices and forex rates. The PAT for the quarter came in at Rs. 1,975.3 crore, yoy increase of 26.9 per cent.

The company sold a total of 490,479 vehicles during the quarter, a growth of 24.3 per cent over the same period of the previous year. Sales in the domestic market stood at 4,63,840 units, a growth of 25.9 per cent. Exports were at 26,639 units.

On Thursday, the stock opened at Rs. 9,833 per share and tanked nearly 4 per cent and made an intraday low of Rs. 9,369.05, on the BSE.