Dekho, hua yeh ki Q3 mein company ka adjusted PAT aaya ₹42.5 billion, jo analysts ke ₹44 billion ke forecast se kam tha. EBIT bhi expect se 7% neeche raha. Volume 21% quarter-on-quarter badhne ke baad bhi, EBITDA margin sirf 40 basis points hi improve ho paya. Iska main reason tha costs badhna, jaise discounts aur raw material prices. Aur haan, ek ₹593.9 crore ka one-time provision bhi tha, jiske wajah se reported net profit ₹3,794 crore raha.
Is result ke baad, stock mein lagataar 8 din ki girawat aayi. Share price January ke high se 18% toot kar ₹14,303.70 par pahunch gaya, jo 4 mahine ka sabse low point hai.
Abhi bhi Motilal Oswal jaisi badi brokerage house Maruti Suzuki par 'BUY' rating ke saath bullish hai. Unhone target price ₹18,197 set kiya hai, aur unka kehna hai ki FY25-FY28 ke beech company 16% ke CAGR se earnings grow kar sakti hai, thanks to new launches aur exports. Haan, Q3 ke result ko dekhte hue unhone FY26 ke earnings estimate 4% aur FY27 ke 7% kam zaroor kiye hain.
Dusri taraf, MarketsMOJO jaise kuch analysts ne stock ko 'Buy' se 'Hold' par shift kar diya hai, thoda valuation aur short-term growth ko lekar unhe chinta hai.
Waise, overall auto sector, especially small cars, GST reforms ke baad recover kar raha hai. Maruti Suzuki ne is quarter mein 5,64,669 units ki record domestic sales bhi ki hai. Exports bhi company ke liye ek big growth driver ban sakta hai.
Aur aage dekho toh, company EV market mein bhi entry karne wali hai. Unka kehna hai ki e VITARA launch ho sakta hai, jo evolving consumer demand ko poora karega.
Current market mein, Maruti Suzuki ka P/E ratio around 30.5x se 33.7x hai aur market cap lagbhag ₹4.59 trillion ke aas paas hai. Passenger vehicle segment mein toh abhi bhi yeh market leader hai aur bahut saare financial metrics mein competitors se behtar perform kar raha hai.