MUMBAI, Maharashtra — Maruti Suzuki India Limited on Wednesday reported a 4 percent increase in net profit for the October–December quarter of FY26, supported by strong sales growth and a sharp recovery in the domestic passenger vehicle market, particularly in the small car segment.
India’s largest carmaker posted a net profit of Rs 3,794 crore for the third quarter, compared with Rs 3,659.3 crore in the same period last year, according to a stock exchange filing. The profit figure includes a one-time exceptional expense of Rs 593.9 crore related to the implementation of new labor codes that came into effect last year.
Revenue from operations jumped about 29 percent year over year to Rs 49,891.5 crore in Q3 FY26, up from Rs 38,752.3 crore in the corresponding quarter of the previous financial year.
Operating EBITDA rose 10 percent year over year to Rs 5,571.7 crore during the quarter.
The company said the Indian car market saw a strong recovery following recent GST reforms, with growth largely driven by demand for small cars.
Maruti Suzuki recorded its highest-ever quarterly domestic sales at 564,669 units, up from 466,993 units in the same quarter last year, reflecting an increase of 97,676 units.
The company said small cars falling under the 18 percent GST bracket accounted for 68,328 units of the overall increase in domestic sales.
Total sales during the quarter also hit a record 667,769 units, including exports of 103,100 units.
Following the earnings announcement, Maruti Suzuki shares witnessed sharp intraday volatility. The stock initially fell about 4 percent to Rs 14,431 before rebounding nearly 6 percent from the day’s low to trade at Rs 15,294. It later slipped back into negative territory.
As of around 3:05 p.m., the shares were trading at Rs 14,934, down Rs 289, or 1.90 percent. (Source: IANS)
