Maruti Suzuki Q3 Profit Rises 4% to ₹3,794 Crore, Records Highest-Ever Quarterly Domestic Sales

Maruti Suzuki on Wednesday reported a standalone net profit of ₹3,794 crore for the October-December quarter of FY26, which is a 4 per cent year-on-year (YoY) increase from ₹3,659.3 crore net profit recorded in the same period of the previous financial year. This figure, however, includes a one-time exceptional item of ₹593.9 crore, stemming from the new labour codes, which became effective last year.

Revenue Surges 29%

Maruti Suzuki's revenue from operations, meanwhile, climbed about 29 per cent YoY to ₹49,891.5 crore in Q3 FY26, from ₹38,752.3 crore in Q3 FY25. This exceeds the ₹49,593 crore revenue estimated by analysts on average, according to data compiled by LSEG.

Operating EBITDA advanced 10 per cent YoY to ₹5,571.7 crore.

GST Reform Drives Sharp Recovery in Small Cars

The automaker said that owing to the recently implemented GST reform, there was a sharp recovery in the Indian car market, primarily led by the small car segment. 

The company reported its highest-ever quarterly domestic sales of 564,669 units as compared to 466,993 units in Q3 the previous year, marking an increase of 97,676 units.

Out of this increase, the small car segment in the 18 per cent GST bracket accounted for 68,328 units, the company said. It achieved record total sales of 6,67,769 units, including exports of 103,100 units.

Export Volumes Rise

Maruti Suzuki's exports rose by 3,880 units to 103,100 units in Q3 FY26 from 99,220 units in the year-ago quarter. The carmaker has also commenced exporting its maiden electric vehicle (EV), the e Vitara, to Europe. The company will soon launch the electric SUV in the domestic market.

Product Portfolio Across 2 Retail Channels

The company sells its cars via Arena and Nexa dealerships. Amongst the Arena models are the Alto K10, S-Presso, WagonR, Celerio, Swift, Dzire, Ertiga, Eeco, Brezza and Victoris. The Nexa models include the Ignis, Baleno, Fronx, Grand Vitara, Jimny, XL6 and Invicto. The e Vitara will also be sold via the Nexa channel.

The automaker's shares sharply plunged 4 per cent to trade at ₹14,431 apiece following the release of the results. However, the stock then rapidly recovered all losses, jumping 6 per cent from its day's low to trade in the green at ₹15,294 apiece, before slipping into the red again.