Maruti Suzuki Q3 Results: Net profit rises 4% to Rs 3,794 crore, revenue up 29%

Maruti Suzuki Q3 Results: Net profit rises 4% to Rs 3,794 crore, shares drop 4%

• Maruti Suzuki Q3 net profit rises 4% YoY to Rs 3,794 crore due to one-time item.
• Revenue rose 29 percent YoY to Rs 49,891.5 crore, beating analyst estimates
• Company's record quarterly domestic sales: 564,669 units, driven by small cars

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Maruti Suzuki on January 28 reported a standalone net profit of Rs 3,794 crore for the October-December quarter of FY26, marking a 4 per cent year-on-year (YoY) rise from Rs 3,659.3 crore net profit reported in the same period of the previous financial year.

This, however, includes a one-time exceptional item of Rs 593.9 crore, arising due to the new labour codes, which took effect last year.

Maruti Suzuki's revenue from operations, meanwhile, rose around 29 per cent YoY to Rs 49,891.5 crore in Q3 FY26, from Rs 38,752.3 crore in Q3 FY25. This is higher than the Rs 49,593 crore revenue estimated by analysts on average, according to data compiled by LSEG.

Operating EBITDA rose 10 per cent YoY to Rs 5,571.7 crore.

'Sharp recovery in the Indian car market':

The automaker said that owing to the recently implemented GST reform, there was a sharp recovery in the Indian car market, primarily led by the small car segment. The company reported its highest-ever quarterly domestic sales of 564,669 units as compared to 466,993 units in Q3 the previous year, marking an increase of 97,676 units.

Out of this increase, the small car segment in the 18 per cent GST bracket accounted for 68,328 units, the company said. It clocked record total sales of 6,67,769 units, including exports of 103,100 units.

Maruti Suzuki's exports rose by 3,880 units to 103,100 units in Q3 FY26 from 99,220 units in the year-ago quarter. The carmaker has also started exporting its maiden electric vehicle (EV), the e Vitara, to Europe. The company will soon launch the electric SUV in the domestic market.

The company sells its cars via Arena and Nexa dealerships. Among the Arena models are the Alto K10, S-Presso, WagonR, Celerio, Swift, Dzire, Ertiga, Eeco, Brezza and Victoris. The Nexa models include the Ignis, Baleno, Fronx, Grand Vitara, Jimny, XL6 and Invicto. The e Vitara will also be sold via the Nexa channel.

Maruti Suzuki share price:

The automaker's shares sharply plunged 4 per cent to trade at Rs 14,431 apiece after the release of the results. However, the stock then rapidly recovered all losses, jumping 6 per cent from its day’s low to trade in the green at Rs 15,294 apiece, before slipping into the red again.

The company currently has a market capitalisation of Rs 4.69 lakh crore.

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