Maruti Suzuki India's Q2 FY 2025-26 Quarterly Results

Result Summary

• Maruti Suzuki India Ltd reported a 6.9% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 11.1%.
• Its expenses for the quarter were up by 9.6% QoQ and 15.2% YoY.
• The net profit decreased 11.7% QoQ and increased 7.9% YoY.
• The earnings per share (EPS) of Maruti Suzuki India Ltd stood at 106.52 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Maruti Suzuki India Ltd is the leading automobile manufacturer in India, primarily engaged in the production and sale of passenger vehicles. The company offers a wide range of vehicles including hatchbacks, sedans, SUVs, and vans under the Maruti Suzuki brand. Maruti Suzuki also exports vehicles to various countries, contributing to its strong presence in the automotive industry. As of the latest data, no specific recent major developments were provided within the context of this report. The company plays a crucial role in the automotive market in India and has a significant influence on the industry trends.

Revenue

In the second quarter of fiscal year 2026, Maruti Suzuki India Ltd reported a total income of ₹43,290.40 crores, marking a 6.9% increase from the first quarter of the same fiscal year, where total income was ₹40,493.40 crores. When compared on a year-over-year basis, there was an 11.1% rise from ₹38,972.40 crores in the second quarter of fiscal year 2025. This growth in revenue indicates the company's ability to generate increased income over both the quarterly and annual periods. The positive change in income reflects the company's performance in the current market environment.

Profitability

The profit before tax for Maruti Suzuki in Q2FY26 was ₹4,272.00 crores, which shows a decrease of 13.0% from the previous quarter, Q1FY26, where it was ₹4,908.00 crores. On a year-over-year basis, there was a 16.1% decrease from ₹5,093.30 crores in Q2FY25. The tax paid in Q2FY26 was ₹990.30 crores, which decreased by 14.0% from the previous quarter and 51.4% from the same quarter last year. Consequently, the profit after tax in Q2FY26 stood at ₹3,349.00 crores, which represents a decrease of 11.7% from Q1FY26, but an increase of 7.9% compared to Q2FY25. The earnings per share in this quarter were ₹106.52, matching the percentage changes seen in profit after tax compared both quarterly and annually.

Operating Metrics

The total expenses for Maruti Suzuki in Q2FY26 were reported at ₹39,018.40 crores, showing a 9.6% increase from ₹35,585.40 crores in Q1FY26 and a 15.2% increase compared to ₹33,879.10 crores in Q2FY25. This indicates a significant rise in operating expenses alongside the revenue growth. While revenue increased, the rising expense levels have impacted the company's profitability metrics as previously discussed. The earnings per share (EPS) have decreased by 11.7% quarter-on-quarter but increased by 7.9% year-over-year, reflecting the changes in net income and highlighting the company's performance in terms of shareholder returns over the given periods.