Did Maruti Suzuki India’s Q2 net profit really rise by 8%?
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Synopsis
Maruti Suzuki India Limited has reported a significant rise in its Q2 net profit, attributed to increased vehicle sales and favorable demand trends. The company’s revenue also saw a notable uptick, providing a positive outlook for the automotive sector in the upcoming months.
Key Takeaways
- Maruti Suzuki's net profit increased by 7.94%.
- Total revenue rose by 13% year-on-year.
- Production surged by 26% in September 2025.
- EBITDA margin decreased due to rising costs.
- Positive outlook for the automotive sector in FY26.
New Delhi, Oct 31 (NationPress) Maruti Suzuki India Limited, recognized as the largest automobile manufacturer in the country, announced a 7.94 percent increase in its consolidated net profit, reaching Rs 3,349 crore for the September quarter (Q2 FY26). This growth is attributed to a surge in vehicle sales and robust demand trends.
In the same quarter last fiscal (Q2 FY25), the company had recorded a net profit of Rs 3,102.5 crore, as detailed in its stock exchange report.
On a standalone basis, the automaker reported a 7.3 percent rise in profit after tax (PAT), which totaled Rs 3,293.1 crore, up from Rs 3,069.2 crore a year prior.
The company's total revenue from operations also saw a significant increase of 13 percent year-on-year (YoY), amounting to Rs 42,344 crore in the July–September quarter, compared to Rs 37,449 crore in the previous year.
At the operational level, Maruti Suzuki’s earnings before interest, tax, depreciation, and amortisation (EBITDA) reached Rs 4,434 crore, slightly above Rs 4,417 crore from the previous year.
However, the EBITDA margin saw a decline to 10.5 percent from 11.9 percent, impacted by elevated input costs and competitive pricing pressures.
Despite the positive earnings trajectory, shares of Maruti Suzuki India experienced a minor drop, trading at Rs 16,167 on the NSE, reflecting a 0.24 percent decrease from the prior close.
Earlier this month, the company reported a 26 percent rise in production year-on-year for September 2025, reaching 2,01,915 units, driven by increased market demand and the introduction of new models.
Production of utility vehicles, including the Brezza, Ertiga, and Fronx, surged by 27 percent, while compact models such as the Baleno, Swift, and Dzire also displayed robust output growth.
As the Indian automobile industry moves into the latter half of FY26, analysts project consistent performance bolstered by festive demand, GST rate reductions, rural recovery, and new launches.
According to Axis Securities, while two-wheelers and commercial vehicles are experiencing strong momentum, passenger vehicle sales are expected to show high single-digit growth in the upcoming months.
Point of View
Driven by strong demand and production growth, indicates a positive trajectory for the industry, especially as the festive season approaches. As we navigate economic challenges, Maruti's performance exemplifies the potential for recovery and growth in the sector.
NationPress
31/10/2025
Frequently Asked Questions
What was Maruti Suzuki's net profit for Q2 FY26?
Maruti Suzuki reported a consolidated net profit of Rs 3,349 crore for Q2 FY26, marking a 7.94 percent increase from the previous year.
How much did Maruti Suzuki's revenue increase in Q2 FY26?
The company's total revenue from operations increased by 13 percent year-on-year, reaching Rs 42,344 crore in Q2 FY26.
What were the reasons behind Maruti Suzuki's profit growth?
The profit growth was driven by higher vehicle sales and strong demand momentum in the automotive market.
How did the EBITDA margin change for Maruti Suzuki?
The EBITDA margin declined to 10.5 percent from 11.9 percent due to increased input costs and competitive pricing pressures.
What is the outlook for the automotive sector in FY26?
Analysts expect a steady performance in the automotive sector supported by festive demand, rural recovery, and new launches.
