Maruti Suzuki Q1FY27 Results: PAT Declines 10.8% YoY to ₹3,352 Crore
Maruti Suzuki's Q1FY27 standalone PAT fell 10.8% YoY to ₹3,352 crore. Net sales increased 36.4% to ₹49,959 crore, driven by a 29.3% rise in sales volume to 682,724 units. Adverse commodity prices and forex movements impacted margins, while favorable operating leverage and cost reduction efforts provided some offset.
The decline in profitability and margins, while significant, is partially offset by strong sales volume growth and an increase in net sales. The reasons provided are external factors (commodity prices, forex) and internal efforts (cost reduction), suggesting a moderate impact on future performance.
The company reported a year-on-year decline in Profit After Tax (PAT) and Operating EBITDA, despite an increase in net sales and sales volume. Negative factors like adverse commodity prices and foreign exchange movements were cited as reasons for the margin contraction.
Maruti Suzuki India Limited (MSIL) has announced its financial results for the quarter ended June 30, 2026 (Q1FY27). The company reported a standalone Profit After Tax (PAT) of ₹3,352 crore, marking a decrease of 10.8% compared to ₹3,758 crore in the same quarter last year (Q1FY26).
Net sales for Q1FY27 stood at ₹49,959 crore (₹499,591 million), an increase of 36.4% from ₹36,621 crore (₹366,206 million) in Q1FY26. However, Operating EBITDA saw a decline of 6.7% to ₹4,311 crore (₹43,111 million) from ₹4,621 crore (₹46,206 million) in the prior year period. Operating EBIT also decreased by 17.4% to ₹2,531 crore (₹2,5311 million) from ₹3,065 crore (₹30,649 million) YoY.
The company's Profit Before Tax (PBT) was ₹4,341 crore (₹43,413 million), down 11.5% from ₹4,906 crore (₹49,060 million) in Q1FY26. The presentation highlights that adverse commodity prices, influenced by the West Asia conflict, and unfavorable foreign exchange movements were key negative factors affecting margins. These were partially offset by favorable operating leverage and cost reduction efforts.
Comparing Q1FY27 with the previous quarter (Q4FY26), Net Sales saw a marginal decrease of 0.2% to ₹49,959 crore (₹499,591 million) from ₹50,079 crore (₹500,787 million). Operating EBITDA dropped significantly by 30.0% to ₹4,311 crore (₹43,111 million) from ₹6,157 crore (₹61,569 million) in Q4FY26. PAT also declined by 6.6% to ₹3,352 crore (₹33,521 million) from ₹3,591 crore (₹35,905 million) in Q4FY26.
Sales volume for Q1FY27 increased by 29.3% to 682,724 units compared to 527,861 units in Q1FY26. Domestic sales grew by 29.5% to 557,988 units, while exports rose by 28.6% to 124,736 units. The company has also restated its financial statements for the relevant periods to reflect the amalgamation of Suzuki Motor Gujarat Private Limited (SMG) with MSIL, effective from December 1, 2025, with an appointed date of April 1, 2025.
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See the model portfoliosA plain-language summary of a public exchange filing by Maruti Suzuki India Limited. Read the original for the full detail.