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News Topical, Digital Desk : Maruti Suzuki India Ltd, the country's largest car manufacturer, has released its September quarter (Q2FY26) results. The company's net profit was ₹3,293 crore, slightly higher than last year's ₹3,069 crore, but lower than market expectations of ₹3,618 crore. However, revenue of ₹42,101 crore was reported, a 13% increase year-over-year. However, EBITDA margin declined from 11.87% to 10.53%, reflecting pressure on operating costs.
India's leading automaker, Maruti Suzuki, has released its financial results for the second quarter (July-September 2025). The company's performance was strong on the revenue front, but profits and margins fell short of expectations. Maruti Suzuki earned a net profit of ₹3,293 crore for the quarter, compared to ₹3,069 crore in the same period last year. However, this was lower than the market estimate of ₹3,618 crore. The company's total income increased from ₹37,203 crore to ₹42,101 crore, a year-on-year increase of approximately 13%.
This figure also exceeded the market expectation of ₹36,639 crore, indicating continued strength in sales. Operating Performance: The company's EBITDA was ₹4,434 crore, slightly better than analysts' estimates of ₹4,194 crore. However, EBITDA margin declined from 11.87% to 10.53% (YoY). Analysts say that margins remained under pressure due to rising input costs, discounting, and a shift in model mix. The company reported stable demand ahead of the festive season, especially in the SUV and hatchback segments. However, sales growth in entry-level cars remained slightly sluggish. A review of Maruti's quarterly results reveals... Maruti Suzuki, the country's largest car manufacturer, has announced its September quarter (Q2FY26) results. Both profit and revenue were in line with expectations, but margins remained under pressure. Profit increased by 7% to ₹3,618 crore, while revenue increased by 13% to ₹42,101 crore. However, EBITDA margin declined from 11.9% to 10.5% due to increased input costs, advertising expenses, and expenses related to the new plant. Quarterly Performance Maruti's profit increased by 7% year-on-year. The company earned a profit of ₹3,069 crore in the same quarter last year, which has now increased to ₹3,618 crore. Total revenue increased from ₹37,203 crore to ₹42,101 crore, representing a growth of approximately 13% year-on-year. EBITDA increased marginally by 0.4% to ₹4,434 crore. However, margins declined from 11.9% to 10.5%. Volume and Realization Growth - The company's total sales (volumes) increased by 2% year-on-year and 4% quarter-on-quarter. Average Selling Price (ASP) increased by 11% year-on-year and 5% quarter-on-quarter. This improvement was due to the company's improved product mix—especially the addition of premium models like the e-Vitara. The rich product portfolio led to strong realizations and increased revenue. Why margin pressure? This quarter, the company faced the impact of rising raw material costs and advertising expenses. The raw material cost-to-sales ratio increased 119 basis points annually and 58 basis points quarterly. Additionally, expenses related to the new plant also impacted operating margins. Overall, inflation and increased operational expenses impacted the company's profitability.
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