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Informist, Friday, Jul. 31, 2026

 

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--Maruti Suzuki Apr-Jun net profit INR 33.52 bln
--Analysts saw Maruti Suzuki Apr-Jun net profit at INR 32.18 bln
--Maruti Suzuki Apr-Jun revenue INR 524.56 bln
--Analysts saw Maruti Suzuki Apr-Jun revenue at INR 525.19 bln
--Maruti Suzuki Apr-Jun net profit INR 33.52 bln vs INR 37.58 bln year ago
--Maruti Suzuki Apr-Jun revenue INR 524.56 bln vs INR 385.93 bln year ago
--Maruti Suzuki Q1 materials cost INR 320.13 bln vs INR 219.36 bln year ago
 

 

By Anand JC

 

MUMBAI – Maruti Suzuki India Ltd.'s net profit fell year-on-year for the second consecutive quarter, despite revenue growing at its fastest pace in 15 quarters, as expenses rose at their sharpest rate in 16 quarters during the June quarter. The carmaker's net profit marginally beat expectations, while its revenue narrowly missed estimates.

 

Maruti Suzuki reported a net profit of INR 33.52 billion for the June quarter, down 11% year-on-year and almost 7% on quarter. Analysts had expected the Swift maker to report a net profit of INR 32.18 billion.

The company's top line surged 36% year-on-year to INR 524.56 billion, but was flat sequentially. Maruti Suzuki's revenue for the quarter was a touch lower than the consensus estimate of INR 525.19 billion.    

 

The bulk of the pressure on the carmaker's bottom line, despite the sharp surge in revenue, was due to a marked increase in overall expenses. The company incurred costs totalling INR 499.88 billion for the quarter ended June, up 41% on year.  The cost of materials consumed by Maruti Suzuki in the June quarter increased 46% on year to INR 320.13 billion. 

 

The company's operating earnings before interest, tax, depreciation, and amortisation for the reporting quarter fell almost 7% on year to INR 43.11 billion while its EBIT fell 17% to INR 25.31 billion. 

 

The company's margin for the June quarter was negatively impacted by adverse commodity prices because of the war in West Asia and adverse foreign exchange movement, the company said in a presentation. However, these factors were offset by favourable operating leverage and cost-reduction efforts.

 

Maruti Suzuki's revenue from sale of products and services for the June quarter improved 36% on year to INR 516.96 billion, while other operating revenue grew 23% to INR 7.60 billion. The company's other income contracted for the fourth consecutive quarter, this time by almost 1% on year, to INR 18.74 billion. 

 

Maruti Suzuki's revenue posted its fastest growth in 15 quarters, driven by a 29% on-year increase in wholesale despatches. Domestic sales of small cars rose 34%, sports utility vehicles grew 45%, and exports increased almost 29%. The company's domestic market share improved to 41.2%, up 2.3 percentage points.

 

"Higher sales were possible because the company commissioned its second plant in Kharkhoda. Despite increased sales, the network inventory level at the end of the quarter was only about 13 days," Maruti Suzuki said in a press release. The company's board has approved four compressed biogas projects in the first phase with a budget of INR 5.61 billion. Expansion of this project would hinge on the company's experience, it said. 

 

The Alto-maker said that other than the impact of higher commodity prices due to the war in West Asia, adverse foreign exchange movements also impacted its earnings for the June quarter. Higher employee expenses and higher depreciation due to the expansion of the Kharkhoda facility posed headwinds for the company in the reporting quarter.

Friday, Maruti Suzuki's shares ended 0.3% higher at INR 14,234 on the National Stock Exchange. The carmaker detailed the June quarter results after market hours. End

 

Edited by Saji George Titus

 

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