Maruti Suzuki Q2 Results: Net profit rises 7% YoY, revenue at ₹42,101 crore; EBITDA flat

The country's largest carmaker's total revenue from operations, including the sale of products and other operating revenue, jumped over 13% year-on-year (YoY) to ₹42,101 crore in Q2 FY26 from ₹37,203 crore in the year-ago period.

During the quarter, the company reported its highest-ever net sales of ₹40,136 crore, compared to ₹35,589 crore in the same period last year.

Operationally, Maruti Suzuki reported a flat quarter, as its operating profit, also known as earnings before interest, taxes, depreciation, and amortisation (EBITDA), rose 0.38% YoY to ₹4,434 crore from ₹4,417 crore in the corresponding period of the previous financial year.

Its operating profit margin, also known as EBITDA margin, contracted to 10.53% in the reporting quarter from 11.87% in the year-ago period.

Maruti Suzuki said its domestic wholesales declined 5.1% year-on-year to 440,387 units in the quarter, as customers deferred purchases in anticipation of GST-led price reductions effective from September 22. However, exports grew strongly by 42.2% to 110,487 units—the highest-ever recorded in any quarter—driving overall sales volume up 1.7% to 550,874 units.

Maruti's H1 FY26 updates

During the first half of FY 2025–26, Maruti Suzuki sold a total of 1,078,735 units, including domestic sales of 871,276 units and record half-yearly exports of 207,459 units. The company’s total volume grew 1.4% year-on-year, driven primarily by a strong 39.9% rise in exports.

Net sales for H1 FY26 reached an all-time high of ₹76,761 crore, compared to ₹69,464 crore in the same period last year. Net profit stood at ₹7,005 crore, up from ₹6,719 million in H1 FY25.

September sales

Maruti Suzuki India had reported a 3% year-on-year increase in total sales at 189,665 units in September. The auto major sold a total of 184,727 units in the same month last year.

Total domestic passenger vehicle dispatches to dealers were at 132,820 units compared to 144,962 units in the year-ago month, a dip of 8%.

Earlier this month, the carmaker had said it has received over four lakh bookings and retailed a record 2.5 lakh units in the last one month, making it the best-ever festive season for the company, thanks to a strong demand for entry-level cars.

The share of the company's entry-level cars in the overall sales has also gone up in the last one month, aided by price cuts owing to GST rate rationalisation with effect from September 22.

Following the earnings, Maruti Suzuki shares were trading at ₹16,190 apiece on NSE, down 0.60%.