Maruti Suzuki October-December Net Profit Rises 3.7% To ₹37.9 Billion; Revenue Jumps 29%

Maruti Suzuki India Limited (MSIL) reported a standalone net profit of ₹37.94 billion for October-December, marking a 3.7% increase compared to ₹36.59 billion in the corresponding period of the previous financial year. The company’s net sales for the quarter surged 29.2% to ₹475.34 billion, up from ₹368.02 billion in October-December 2024-25.

The company achieved a total sales volume of 667,769 units in the quarter, a growth of 17.9% compared to 566,213 units sold in the same quarter last year, it said in a press release to the exchanges.

The carmaker reported an operating EBITDA of ₹55.72 billion, reflecting a 10.0% growth year-on-year. However, operating margins faced pressure. The company disclosed a one-time provision of ₹5.94 billion during the quarter to account for the New Labour Codes. According to the presentation, this provision impacted the margins by approximately 125 basis points. Consequently, the Operating EBITDA margin stood at 11.7%, contracting by 210 BPS from 13.8% in the same quarter of last year.
Segmental Sales Breakdown

Demand in the domestic market reached 564,669 units, a 20.9% rise from the previous year. The utility vehicles (UV) segment recorded sales of 223,887 units, growing 20.8% and accounting for 39.7% of domestic volume. The combined Mini and Compact segment sold 263,412 units, registering growth of 25.4%. Within this, the Mini sub-segment contributed 35,639 units (up 27.9%) and the Compact sub-segment contributed 227,773 units (up 25.0%).

Vans sales stood at 38,636 units, rising 13.9%, while Light Commercial Vehicles (LCV) sales grew 29.6% to 11,498 units. Sales to other OEMs stood at 27,236 units, remaining relatively flat with 0.5% growth. Export volumes grew 3.9% to 103,100 units.