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Maruti Suzuki Q1FY21 preview: Brokerages see net loss of up to Rs 750 crore

Brokerages are building in a net loss of up to Rs 750 crore for Maruti for the quarter under review led by a massive decline in volumes, as compared to a profit of Rs 1,435.5 crore reported in Q1FY20

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maruti suzuki

Chirinjibi Thapa New Delhi
Maruti Suzuki is scheduled to announce its June quarter results of FY21 (Q1FY21) on Wednesday and analysts expect the company to report significant contraction in topline and profits due to the Covid-19-triggered lockdown. Brokerages are building in a net loss of up to Rs 750 crore for Maruti for the quarter under review led by a massive decline in volumes, as compared to a profit of Rs 1,435.5 crore reported in Q1FY20.

According to the company's monthly auto sales data, Maruti Suzuki sold 76,599 units during Q1FY21, down 81 per cent on year-on-year (YoY) basis as compared to 402,594 units sold

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First Published: Jul 28 2020 | 12:27 PM IST

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