Maruti Suzuki Q3FY26 Revenue ₹47,534 Crore, PAT ₹3,794 Crore
Maruti Suzuki reported Q3 FY'26 PAT of ₹3,794 crore, up 3.7% YoY, on net sales of ₹47,534.4 crore, up 29.2%. The company recorded a one-time provision of ₹593.9 crore for New Labour Codes. For 9M FY'26, PAT was ₹10,854.9 crore, up 4.0% YoY.
The results show positive growth in sales and profit for the quarter, which is material for investors, but the impact is moderated by increased costs and a one-time provision.
The company reported year-on-year growth in key metrics like Net Sales and PAT for Q3 FY'26, indicating positive financial performance despite some cost pressures.
Maruti Suzuki India Limited has announced its financial results for the quarter ended December 31, 2025 (Q3 FY'26) and the nine months ended December 31, 2025 (9M FY'26).
For Q3 FY'26, the company reported a sales volume of 667,769 units, a 17.9% increase year-on-year. Net sales surged by 29.2% to ₹475,344 million (₹47,534.4 crore) compared to ₹368,020 million (₹36,802 crore) in Q3 FY'25. Operating EBITDA grew by 10.0% to ₹55,717 million (₹5,571.7 crore), while Operating EBIT increased by 5.5% to ₹38,374 million (₹3,837.4 crore). Profit Before Tax (PBT) stood at ₹48,300 million (₹4,830 crore), up 3.7%, and Profit After Tax (PAT) was ₹37,940 million (₹3,794 crore), also up 3.7% year-on-year. The company noted a one-time provision of ₹5,939 million (₹593.9 crore) for the New Labour Codes, impacting employee costs.
Compared to the previous quarter (Q2 FY'26), sales volume increased by 21.2% to 667,769 units. Net sales rose by 18.4% to ₹475,344 million (₹47,534.4 crore). Operating EBITDA and EBIT saw increases of 9.6% and 13.5% respectively. PBT and PAT also showed significant growth of 12.6% and 14.9% respectively.
For the nine months ended December 31, 2025 (9M FY'26), total sales volume reached 1,746,504 units, a 7.2% increase from 9M FY'25. Net sales grew by 17.0% to ₹1,242,908 million (₹124,290.8 crore). However, Operating EBITDA saw a marginal decrease of 0.1%, while Operating EBIT declined by 7.8%. PBT decreased by 3.6%, but PAT increased by 4.0% to ₹108,549 million (₹10,854.9 crore).
Key financial ratios indicate an increase in material and employee costs as a percentage of net sales. Adverse commodity prices, unfavorable foreign exchange, REE supply issues, and the one-time provision for New Labour Codes were cited as negative factors impacting margins. Positive factors included favorable operating leverage and lower sales promotion expenses.
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