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Maruti Suzuki Q3 preview: Profit may decline up to 8% QoQ on lower volumes

Maruti Suzuki Q3: Net profit may come in the range of Rs 1,794.4 crore to Rs 1,940 crore, as per brokerages' estimates

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3 min read Last Updated : Jan 23 2023 | 8:33 PM IST

Maruti Suzuki Q3FY23 preview: Despite many tailwinds supporting the automobile sector during the three months to December (Q3), India's largest domestic passenger vehicle maker - Maruti Suzuki - may see sequential decline in net profit and revenue due to moderation in sales volume. The company is slated to report its Q3FY23 results on Tuesday, January 24.

"Robust order book across passenger vehicle (PV) original equipment manufacturers (OEMs), strong festive-led retails across segments, inventory de-stocking amid calendar year change, and continued correction in commodity prices were some of the key highlights for Q3FY23. Yet, total volumes at Maruti Suzuki came in at 4.7 lakh units, down 10 per cent quarter-on-quarter (QoQ). Therefore, net sales for the quarter are expected at Rs 28,281 crore, down 5.5 per cent QoQ amid de-growth in volumes and 5 per cent sequential rise in average selling price (ASP)s to Rs 5.8 lakh per unit,&