Maruti Suzuki India's Q2 net profit rises 8 pc; revenue up 13 pc
New Delhi, Oct 31
Maruti Suzuki India Limited, the country’s largest carmaker, on Friday reported a 7.94 per cent rise in its consolidated net profit to Rs 3,349 crore for the September quarter (Q2 FY26), driven by higher vehicle sales and strong demand momentum.
The company had posted a net profit of Rs 3,102.5 crore in the same period last fiscal (Q2 FY25), according to its stock exchange filing.
On a standalone basis, the automaker reported a 7.3 per cent increase in profit after tax (PAT) to Rs 3,293.1 crore from Rs 3,069.2 crore a year earlier.
The company’s total revenue from operations rose 13 per cent year-on-year (YoY) to Rs 42,344 crore in the July–September quarter, compared with Rs 37,449 crore a year ago.
At the operational level, Maruti Suzuki’s earnings before interest, tax, depreciation, and amortisation (EBITDA) stood at Rs 4,434 crore, slightly higher than Rs 4,417 crore a year earlier.
However, the EBITDA margin declined to 10.5 per cent from 11.9 per cent, due to higher input costs and competitive pricing pressures.
Despite the earnings improvement, shares of Maruti Suzuki India were trading marginally lower at Rs 16,167 on the NSE, down 0.24 per cent from the previous close.
Earlier this month, the company said its production rose 26 per cent year-on-year in September 2025 to 2,01,915 units, supported by higher market demand and new model launches.
Production of utility vehicles such as the Brezza, Ertiga, and Fronx saw a 27 per cent increase, while compact models like the Baleno, Swift, and Dzire also recorded strong output growth.
As the Indian automobile sector enters the second half of FY26, analysts expect a steady performance supported by festive demand, GST rate cuts, rural recovery, and new launches.
Axis Securities recently noted that while two-wheelers and commercial vehicles are witnessing strong momentum, passenger vehicle sales could see high single-digit growth in the coming months.
— IANS
Reader Comments
The EBITDA margin decline from 11.9% to 10.5% is concerning though. Higher input costs are hitting all manufacturers, but Maruti needs to manage this better. Still, good overall numbers.
Just bought a Brezza last month! Perfect timing with the festive season. The 27% production increase in utility vehicles shows where the market is heading. Smart move by Maruti! 🚗✨
Interesting to see the stock trading lower despite good results. Maybe the margin pressure is worrying investors. But with festive demand and rural recovery, outlook seems positive.
Maruti has been the backbone of Indian middle class mobility for decades. Good to see them adapting to changing preferences with more UVs. Hope they continue this growth momentum!
The production numbers are impressive - over 2 lakh units in September! This shows strong consumer confidence and economic recovery. Good for the overall auto sector ecosystem.
We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.