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Informist, Friday, Oct. 31, 2025

 

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--Maruti Suzuki Jul-Sept net profit INR 32.93 bln
--Analysts saw Maruti Suzuki Jul-Sept net profit at INR 36.03 bln
--Maruti Suzuki Jul-Sept revenue INR 421.01 bln
--Analysts saw Maruti Suzuki Jul-Sept revenue at INR 394.11 bln
--Maruti Suzuki Jul-Sept net profit INR 32.93 bln vs INR 30.69 bln year ago
--Maruti Suzuki Jul-Sept revenue INR 421.01 bln vs INR 372.03 bln year ago
--Maruti Suzuki Apr-Sept revenue INR 805.14 bln vs INR 727.34 bln year ago
--Maruti Suzuki Apr-Sept net profit INR 70.05 bln vs INR 67.19 bln year ago

 

By Anand JC

 

MUMBAI – Maruti Suzuki India Ltd.'s revenue from operations for the September quarter topped estimates, and grew at the fastest rate in the past three quarters, partly driven by a six-quarter high growth in its other operating revenue. The company's bottom line grew in mid single digits and missed consensus projections on the back of weak growth in its despatches. 

 

The Swift-maker reported a net profit of INR 32.93 billion for the September quarter, up 7% on year but down 11% on quarter. Analysts had projected Maruti Suzuki to report a bottom line of INR 36.03 billion.

 

Maruti Suzuki's revenue for the reporting quarter was INR 421.01 billion, up 13% on year and nearly 10% on quarter. The company was expected to report a top line of INR 394.11 billion. 

 

The company earned INR 401.36 billion from the sale of products during the September quarter, up nearly 13% on year. Other operating revenues for the period was INR 19.65 billion, up nearly 22% on year. 

 

Maruti Suzuki despatched 550,874 cars to dealerships in the latest quarter, up nearly 2% on year. Of this, the company sold 440,387 units to dealerships in India, down 5% on year. Customers delayed their car purchase decisions in the September quarter due to the expectation of a price cut on the back of changes in the goods and services tax structure from Sept. 22, the company said. Exports bucked the domestic lull as sales abroad grew 42% on year to a record high of 110,487 units in Jul-Sept. 

 

Maruti Suzuki's overall expenses grew at a three-quarter high of 15% on year to INR 387.63 billion. This was mainly driven by a rise in cost of materials consumed. The company spent INR 150.02 billion on input costs, up over 2% on year. Expenses related to purchases of stock-in-trade surged over 27% on year to INR 170.48 billion. Other expenses incurred by Maruti Suzuki increased over 11% on year to INR 51.77 billion. Operating earnings before interest and tax for the quarter fell to INR 33.95 billion, down 7% from INR 36.66 billion in the year-ago quarter.

 

Maruti Suzuki's margin was adversely affected by commodity price inflation, depreciation of the rupee against the dollar, higher sales promotion expenses, and limited time price correction in some models, the company said in an investor presentation. Additionally, the margin was also weighed down by higher advertisement expenses, costs related to its new greenfield plant in Haryana's Kharkhoda, and lower non-operating income. However, cost reduction efforts and higher operating income offset some of these pressures, Maruti Suzuki said. 

 

APR-SEPT RESULTS

In the first six months of the ongoing financial year, Maruti Suzuki reported a record-high half-yearly net sales of INR 767.61 billion, up nearly 10% from the year-ago period. This was despite a paltry 1% on-year growth in its despatches in Apr-Sept to 1.01 million units.

 

The company reported a net profit of INR 70.05 billion for Apr-Sept, slightly up over 4% from INR 67.19 billion in the corresponding period a year ago.

 

Shares of the company fell 2% to the intraday low right after it disclosed its September quarter earnings, before paring some of its losses. At 1458 IST, shares of Maruti Suzuki traded 0.4% lower on the National Stock Exchange at INR 16,147.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Tanima Banerjee

 

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