The company’s revenue from operations grew 13% year-on-year to Rs 42,344.20 crore, compared to Rs 37,449.20 crore in the corresponding period of the previous fiscal.
Despite the year-on-year increase in profit after tax (PAT), the figure came in lower than Street estimates of Rs 3,458 crore. However, revenue from operations exceeded expectations and came in higher than the estimated Rs 39,958 crore.
On a standalone basis, the automaker reported a 7.3% year-on-year increase in net profit to Rs 3,293.10 crore, compared to Rs 3,069.20 crore in the corresponding quarter of the previous fiscal.
Maruti Suzuki reported an EBITDA of Rs 4,434 crore for Q2FY26, registering a marginal growth of 0.4% compared to Rs 4,417 crore in the same quarter last year. However, the company’s EBITDA margin declined 134 bps YoY to 10.5% from 11.9% in Q2FY25.
Total expenses for the quarter rose 15.2% year-on-year to Rs 39,018.40 crore, compared to Rs 33,879.10 crore in Q2FY25. In a press release, Maruti Suzuki said domestic wholesale fell 5.1% year-on-year to 4,40,387 units in the quarter as customers deferred purchases in anticipation of a GST-induced price cut from September 22. Exports, however, rose 42.2% to 1,10,487 units, marking the company’s highest ever quarterly export volume, while total sales grew 1.7% to 5,50,874 units.
During the quarter, Maruti Suzuki also recorded its highest ever net sales at Rs 40,135.90 crore, compared to Rs 35,589.10 crore in the same period last year.
For the first half of FY 2025-26 (April-September), Maruti Suzuki reported total sales of 1,078,735 units, of which 871,276 units were sold in the domestic market and record half-year exports of 207,459 units.
The company’s total volume grew 1.4% year-on-year, mainly due to a strong 39.9% increase in exports.
It also achieved the highest ever half-year net sales of Rs 76,760.6 crore, compared to Rs 69,464.4 crore in the same period last year.
Net profit for the first half of FY 2025-26 stood at Rs 7,004.8 crore, compared to Rs 6,719.1 crore in the first half of FY 2024-25.
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