Result Expectations @ Maruti Suzuki India & Reliance Industries

Result Expectations

Reliance Industries Q4FY18E:

• Revenue – Rs115,897cr, up by 36.6% yoy
• EBITDA – Rs17,824cr, up by 44.3% yoy
• PAT – Rs9,347cr, up by 15.4% yoy

                                                                               Maruti Suzuki India Q4FY18E:

• Revenue – Rs20,978cr, up 14% yoy; led by 11% yoy volume growth (actual) and 3% yoy realization growth on a better product mix
• EBITDA – Rs3,271cr, up 28% yoy
• EBITDA Margin - 15.6%, expansion of 163bps yoy led by operating leverage on growing volumes. Margins could contract 16bps qoq due to sustained high input costs and higher A&P expenses
• PAT - Rs2,113cr, up 24% yoy.

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