Maruti Suzuki dips 7% in two days post Q3 results on margin concerns

The stock was trading lower for the sixth straight trading day, having fallen 10 per cent during this period

Shares of Maruti Suzuki India (MSIL) fell 3.3 per cent to Rs 7,335 in intra-day trade on the BSE on Friday, tumbling 7 per cent in the past two trading days after Ebitda (earnings before interest, taxes, depreciation, and amortisation) contracted by 70 basis points (bps) to 9.5 per cent in the December quarter (Q3FY21), due to higher-than-expected raw material, employee and marketing expenses.

The stock was trading lower for the sixth session, falling 10 per cent during this period.

MSIL said the company’s operating profit during the quarter grew 19.3 per cent year on year (YoY) at