Maruti Suzuki Ltd. reported a modest rise in standalone net profit in the first quarter of fiscal 2026, which beat street expectations on the back of higher other income.
Net profit rose 2% to Rs 3,712 crore in the April-June period, compared to Rs 3,650 crore in the same quarter last year, as per financial results released on Thursday. Analysts’ consensus estimates compiled by Bloomberg projected the bottomline to fall to Rs 3,075.8 crore.
Non-core income was Rs 1,823 crore during the quarter, compared to Rs 975 crore in the year-ago period.
The first quarter of the auto industry is often considered seasonally weak.
Maruti Suzuki Q1 Highlights (Standalone, YoY)
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Revenue up 8.1% to Rs 38,414 crore versus Rs 35,531 crore. (Bloomberg estimate: Rs 36,371 crore)
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Net profit up 2% to Rs 3,712 crore versus Rs 3,650 crore. (Estimate: Rs 3,075.8 crore)
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Ebitda down 11% to Rs 3,995 crore versus Rs 4,502 crore (Estimate: Rs 3,798.5 crore)
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Margin at 10.4% versus 12.7% (Estimate: 10.4%).
Revenue from operations posted 8% growth. operating profit, measured in terms of earnings before interest, tax, depreciation and amortisation, jumped 11% despite a rise in expenses. Margin was flat.
Shares of Maruti Suzuki closed 0.1% lower at Rs 12,608 apiece on the National Stock Exchange after the results, compared to a 0.35% decline in the benchmark Nifty. The stock has fallen 4% in the last 12 months and risen 16% on a year-to-date basis.
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