Maruti Suzuki Reports 6.5% Drop in Q4 Net Profit, Revenue Increases 28%

Maruti Suzuki Reports 6.5 Percent Decline in Consolidated Net Profit for Q4 FY26

Maruti Suzuki India Ltd, the country's largest carmaker, reported a 6.5 percent year-on-year decline in consolidated net profit to Rs 3,659 crore for the March quarter. Despite the decline, revenue from operations rose 28.2 percent to Rs 52,462.5 crore.

The company's earnings were impacted by higher raw material costs and lower non-operating income, while tax expenses also increased during the quarter. These factors offset the strong top-line growth. The decline in profit was partly attributed to mark-to-market impacts during the period.

Maruti Suzuki's Standalone Net Profit Falls 7 Percent to Rs 3,591 Crore

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On a standalone basis, Maruti Suzuki reported a 7 percent fall in net profit to Rs 3,591 crore, compared with Rs 3,857.3 crore a year ago. Revenue rose 28.2 percent to Rs 52,449 crore. EBITDA increased 27 percent to Rs 6,157 crore, while margins remained largely stable at 11.7 percent versus 11.8 percent a year earlier.

Higher tax outgo, which rose to Rs 1,245 crore from Rs 1,005 crore, along with a sharp decline in other income to Rs 500 crore from Rs 1,528 crore, further pressured the bottom line.

Operational Highlights

The company posted its highest-ever quarterly sales volume of 676,209 units, driven by strong export growth and steady domestic demand. Net sales for the quarter crossed the Rs 50,000 crore mark for the first time, while operating profit (EBIT) rose 30.4 percent year-on-year.

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Full Year Performance

For the full year FY26, Maruti Suzuki reported record total sales of over 2.42 million units and achieved its highest-ever net profit and net sales, supported by strong domestic demand in the second half and robust export performance.

Stock Performance

Shares of Maruti Suzuki were trading at Rs 12,858 in afternoon trade on Tuesday, down 2.75 percent following the results announcement.