Maruti Suzuki shares edge higher ahead of Q1 results

Maruti Suzuki share price: Maruti Suzuki India Ltd (MSIL) shares edged higher on Monday as investors awaited the carmaker's Q1 results due later in the day.

Maruti Suzuki Q1 result date: The company is slated to announce its financial results for the quarter on Monday, July 31. | Image: Maruti Suzuki website

Maruti Suzuki India Ltd (MSIL) shares edged higher on Monday as investors awaited the country's largest carmaker to report its financial results for the April-June period due later in the day. Analysts expect the auto major to report a strong set of quarterly numbers. The Maruti Suzuki stock gained nearly two per cent to Rs 9,738 apiece on BSE. Maruti Suzuki India shares finished up 1.48 per cent at Rs 9,813 apiece on NSE.

The auto major, according to Zee Business research, is expected to post standalone revenue of Rs 31,650 crore, up 19.4 per cent on a year-on-year basis. The analysts estimate the company's earnings before interest, taxes, depreciation, and amortisation (EBITDA) at Rs 3,350 crore.

Maruti Suzuki's quarterly net profit is pegged at Rs 2,520 crore, according to the research.

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According to Zee Business research, Maruti Suzuki is expected to report volume growth of 6.4 per cent to 4.98 lakh units for the June quarter, driven by launches and discounts on lower-end models. The analysts estimate the company's realisations to grow 10.2 per cent to 6.23 lakh per unit. Read more on what to expect in Maruti Suzuki Q1 results

Earlier this month, Maruti Suzuki India launched multi-purpose vehicle (MPV) Invicto.

Maruti Suzuki India shares: Past performance

Maruti Suzuki India shares have grown more than five per cent in the last 12 months, underperforming a nearly 12 per cent rise in the headline Nifty index.

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