Maruti Suzuki Q2 profit may surge up to 355% YoY on higher sales volume

Maruti Suzuki Q2 preview: The company, which is due to announce its result on Friday, October 28, could also see margin expansion due to price hikes, forex benefits, and operating leverage

India’s biggest domestic car manufacturer, Maruti Suzuki India, will likely report 250-300 per cent year-on-year (YoY) rise in net profit for the September quarter of FY23 (Q2FY23) aided by impressive sales volumes due to easing of supply-chain constraints, and a low channel inventory. 
 

The company, which is due to announce its result on Friday, October 28, could also see margin expansion due to price hikes, forex benefits, and operating leverage.

On the bourses, shares of the company advanced 4.2 per cent during the quarter under review, as against 8.3 per cent rally in the benchmark S&P BSE Sensex. The S&P