Maruti Suzuki Q2 preview: Poor quarter in the offing, profit may halve

During the quarter under review, Maruti Suzuki outperformed the benchmark indices at the bourses

The overall slump in the auto sector marked by plummeting volumes will impact the September quarter results of India's largest carmarker Maruti Suzuki which is scheduled to be announced later in the day. Analysts expect the company's net profit to almost halve from the year-ago levels while margins may also dip around 10 per cent.

Brokerage house ICICI Securities said that Maruti's Q2 performance is in line with the overall performance of the auto sector where "pain prevailed across segments and geographies in the sector as retail demand failed to pick up, with the resulting bloated inventory levels then impacting