Maruti Suzuki shares rise marginally as firm completes merger process with SMG; all you need to know

Consequent to the effectiveness of the scheme, there has been an increase in the authorised share capital of the company by an amount of ₹15,000 crore, the auto major said in a regulatory filing.

“We would like to inform you that the company has filed the certified copy of the order issued by the Hon'ble National Company Law Tribunal, sanctioning the Scheme of Amalgamation of Suzuki Motor Gujarat, a wholly owned subsidiary (SMG), into and with Maruti Suzuki India (MSI) with the Registrar of Companies, Delhi, and accordingly, the scheme becomes effective from today, December 1, 2025,” it stated.

The appointed date under the scheme is April 1, 2025, and as such, the amalgamation of SMG into and with MSI has been completed, it added.

Following this, shares of Maruti surged but, however, remained rangebound. At 1:10 PM, the stock was seen at ₹15,914 per share on NSE, rising 0.09%.

Over a month’s time, the stock has jumped nearly 2%, while for a six-month period, it has soared 29.5%. Since the beginning of the year, Maruti Suzuki shares have gained 42%.

The company has a market capitalisation of ₹5 lakh crore.

Maruti Suzuki’s Q2 earnings

Maruti Suzuki had reported a standalone net profit of ₹3,293 crore in the July-September quarter, clocking a 7.3% increase from ₹3,069 crore during the same period last year.

The 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.