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Maruti Suzuki Q2 results: Profit drops 65% YoY to Rs 475 cr, misses estimates

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Maruti Suzuki Q2 results: Profit drops 65% YoY to Rs 475 cr, misses estimates
Auto major on Wednesday reported a 65.35 percent year-over-year (YoY) decline in net profit of Rs 475.30 crore for the September quarter of FY22, compared to Rs 1,371.60 crore in the same quarter last fiscal year. The profit figure came in much lower than Rs 754.40 crore estimated by analysts in an ET NOW survey.

Net sales for the said quarter fell 9.09 percent to Rs 19,297.80 crore compared to Rs 17,689.30 crore in the corresponding quarter last year. The margin for the quarter was 4.1 percent, which was lower than the ET NOW poll’s estimate of 5.6 percent.

Unfavorable raw material prices and lower sales volume due to shortages of electronic components (leading to lower utilization rates) rose the numbers, the automaker said in a BSE filing.



The automaker sold a total of 379,541 units during the quarter, limited by a global shortage of electronic components supplies. Sales in the domestic market amounted to 3,20,133 units. Export sales stood at 59,408 units, the highest ever in any quarter.

An estimated 116,000 vehicles could not be produced due to the shortage of electronic components that largely corresponds to the domestic models. The company had more than 200,000 pending customer orders at the end of the quarter, for which the company is making every effort to expedite deliveries, Maruti Suzuki said in an exchange request.

“The quarter was also marked by an unprecedented rise in the prices of commodities such as steel, aluminum and precious metals within a one-year timeframe. The company made maximum efforts to offset the increases in input costs through cost reductions and provided minimal impact to customers through car price increases,” the company added.

However, the price rose 1.30 percent to Rs 7,391 on the BSE in a knee-jerk reaction to the results.

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Why do tires deflate in cold weather?

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Why do tires deflate in cold weather?

It has happened to many of us. As soon as you start the engine, the “low tire pressure” light will come on. But have you ever noticed that it happens more in the winter?

As the temperature drops, especially with arctic air, the pressure in the tire decreases. About 1-2 PSI per 10 degree drop. PSI stands for pounds per square inch. As the temperature outside gets warmer, you have more pressure on your tires.

When it comes to cold weather, individual gas molecules in the enclosed tired can have less energy at lower temperatures. Less energy means that the molecules move less. This means less pressure on the tire walls. The tire may therefore deflate slightly.

The opposite is true at warmer temperatures. There is more energy in the gas molecules. They move freely and exert pressure on the walls of the tire.

Knowing this, it’s no surprise that you may have noticed the low air pressure light in your car in this latest arctic air outbreak. It doesn’t always mean you need more air, just that your tires may need to be checked.

Here are some more winter tips that might help you: If your locks are frozen, cover your key with a little hand sanitizer, the alcohol will help melt the ice in the lock. Keep cat litter in your trunk. It can be used as traction for your tires if you get stuck. Putting some kitty litter in a pair of socks and leaving it in your car can help absorb the moisture in the air that can fog up your windows. Speaking of fog, a great way to get rid of it is to use a chalkboard eraser. Also, do not leave liquids in your car overnight. It can aid in the development of fog.

We must not forget the winter survival kit. No matter how new or running well your car is, you can still get stuck. Provide batteries and a flashlight, cell phone charger, blankets, water, and non-perishable snacks. If you are traveling in the winter, it is best to let someone know where you are going and how long it will take to get there. Sometimes friendly phone tracking apps can also provide peace of mind.

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Australia vs England 1st Day of Testing 2 Live Scores

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Australia vs England 1st Day of Testing 2 Live Scores

Ashes, Australia – England live scores© AFP

Australia vs England, Ashes 1st day of testing 2 Live:After Pat Cummins, Josh Hazlewood and Mitchell Starc raced through the England batting lineup, knocking them out on Day 1 for a paltry 147 in just 50.1 overs, all eyes will be on David Warner, Marnus Labuschagne and Steve Smith on Day 2 in Brisbane. Can the Australian batters drive home the advantage and beat England in the first Test game? Chris Woakes, Ollie Robinson and Ben Stokes will probably have different ideas. They would hope the Gabba field comes to their rescue, just as it did when Australia was bowling. England must strike early on the second day and not allow Australia to start. After the final session of Day 1 was washed away by rain, both teams hoped for clear weather to get things started. (FULL SCORED CARD)

play XIs

England: Rory Burns, Haseeb Hameed, Dawid Malan, Joe Root (c), Ben Stokes, Ollie Pope, Jos Buttler (wk), Chris Woakes, Ollie Robinson, Mark Wood, Jack Leach

Australia: David Warner, Marcus Harris, Marnus Labuschagne, Steven Smith, Travis Head, Cameron Green, Alex Carey(wk), Pat Cummins(c), Mitchell Starc, Nathan Lyon, Josh Hazlewood

Follow Aus vs Eng 1st Test Day 2 live here

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Should You Add McDonald’s Corp (MCD) Stocks to Your Portfolio on Wednesday?

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Should You Add McDonald's Corp (MCD) Stock to Your Portfolio Wednesday?

A rating of 92 places McDonald’s Corp (MCD) near the top of the Consumer Cyclical sector according to: Investor Observer. McDonald’s Corp’s score of 92 means it ranks above 92% of the industry’s stock. In addition, its overall score of 72 ranks it higher than 72% of all stocks.

Overall Score - 72
MCD has an overall score of 72. Find out what this means for you and get the rest of the rankings on MCD!

What do these ratings mean?

Finding the best stocks can be tricky. It is not easy to compare companies from different sectors. Even companies in the cyclical consumer sector can sometimes be difficult to compare. Investor Observer‘s tools enable a top-down approach that allows you to pick a metric, find the top sector and industry, and then find the best stocks in that sector. Our proprietary scoring system captures technical factors, fundamental analysis and the opinions of analysts on Wall Street. This makes InvestorsObserver’s overall rating a great way to start, regardless of your investing style. Percentile-ranked scores are also easy to understand. A score of 100 is the top and a 0 is the bottom. No need to try to remember what is “good” for a lot of complicated ratios, just pay attention to which numbers are the highest.

What will happen to McDonald’s Corp stock today?

Shares of McDonald’s Corp (MCD) traded at $260.52 on Wednesday, December 8 at 1:33 PM, up $0.61, or 0.23% from its previous closing price of $259.91. Volume today is light. So far, 1,401,123 shares have been traded compared to an average volume of 2,782,222 shares. The stock has traded between $259.19 and $262.81 so far today. Click here for the full stock report for the stock of McDonald’s Corp.

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