macro

Maruti Suzuki India: revenue up 26%, net profit down 27% in Q2

According to TradingView, Maruti Suzuki India's September-quarter revenue rose 26%, while net profit fell 27%. Results broadly met expectations.

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what happened

Maruti Suzuki India, the country's largest passenger car maker, released its September-quarter numbers. According to TradingView, revenue reached 53,340 crore rupees, nearly matching the CNBC-TV18 poll of 53,350 crore. Sales grew 26%, and volumes climbed 27% to 6.97 lakh units, helped by GST-related demand and a weak base a year earlier.

EBITDA came in at 4,763 crore rupees, 6.3% below the 5,085 crore reported a year ago. The margin narrowed to 9% from 12%, though it beat the CNBC-TV18 poll estimate of 8.4%. Net profit dropped 27% to 2,455 crore rupees from 3,303 crore, falling short of the poll's 2,655 crore projection.

The shares closed 2% higher on Tuesday, ahead of the announcement, at 11,450 rupees. The stock is down almost 32% year to date. This story will be updated with more details.

why it matters

The main takeaway is the gap between faster revenue growth and weaker profit. Volumes and margins support the picture, but lower EBITDA and net profit add pressure. The results concern India's largest carmaker and shape sentiment across the country's auto sector.

market impact

Maruti Suzuki shares and India's auto sector: revenue growth against lower profit, mixed signal

tags

instruments

Maruti Suzuki IndiaNifty AutoINR

sources

  1. Maruti Suzuki India Q2 Results: Profit falls 27% to ₹2,455 crore; revenue rises 26% — TradingView, 27 October 2026 at 10:09 UTC

prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.

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