Maruti Suzuki India, the country’s largest carmaker, on Friday reported a 7.3 per cent year-on-year rise in standalone net profit to Rs 3,293.1 crore for the quarter ended September 30 (Q2 FY26).
However, the numbers came in below Zee Business’ expectations, as analysts had projected a profit of around Rs 3,535 crore, indicating 15.2 per cent growth.
Revenue rose 13 per cent to Rs 42,344 crore from Rs 37,449 crore a year earlier, higher than the Rs 39,350 crore projected by analysts. The topline growth was supported by an improved product mix, higher realisations, and steady demand during the quarter.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) stood at Rs 4,434 crore, marginally higher than Rs 4,417 crore in the same period last year. The EBITDA margin, however, declined to 10.5 per cent from 11.9 per cent a year ago, broadly in line with estimates.
The company’s volumes are estimated at 5.5 lakh units, compared with around 5.4 lakh units a year ago, marking a 1.7 per cent increase.
While analysts had anticipated a 6.3 per cent year-on-year decline in EBITDA, Maruti’s operating performance was largely in line with projections. However, the bottom line came in below expectations, likely due to higher input costs and pricing pressures in a competitive market following central government’s GST 2.0 cuts.
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