Maruti Suzuki Q2 Preview: Profit, EBITDA May Decline 60% YoY On Lower Volumes

The country's largest car manufacturer Maruti Suzuki India is likely to report around 60 percent year-on-year decline in its September quarter profit, dented by lower volumes amid weak demand. The lower tax rate could limit the fall in its bottomline.

The stock has recovered 27 percent in the last couple of months on hopes of a demand improvement after the government announced several measures. Year-to-date, the stock is down just 0.3 percent.

Revenue from operations during Q2 FY20 may decline 23-27 percent on the back of 30 percent fall in volumes YoY.

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