Maruti Suzuki Q3 Result: Net Profit Jumps 4% YoY, Revenue Up 29%

Maruti Suzuki India reported higher earnings for the quarter ended 31 December 2025, with revenue and volumes both scaling new peaks even as the stock slipped on the results day and a one-time labour cost provision weighed on profit growth during a strong period for the domestic passenger vehicle market.

The company's consolidated net profit for Q3 FY26 rose 4 per cent year-on-year to Rs 3,879 crore, compared with Rs 3,727 crore in the same quarter of the previous financial year, while total revenue from operations jumped 28.73 per cent to Rs 49,904 crore from Rs 38,764 crore.

Maruti Suzuki India Q3 Results revenue, profit and margins

Operating performance also improved, with operating EBITDA during the October-December 2025 quarter rising 10 per cent year-on-year to Rs 5,571.7 crore, although the bottom line was affected by a one-off item, as Maruti Suzuki India reported that profit was impacted by a one-time provision of Rs 594 crore on account of the new Labour Codes.

Key financial metrics from Maruti Suzuki India Q3 Results are summarised below for quick reference, showing the strong growth in revenue, modest profit increase due to the exceptional item, and the improvement in operating earnings during the quarter compared with the same period a year earlier.

On the volume side, Maruti Suzuki India Q3 Results highlighted an all-time high for domestic sales, which climbed to 564,669 units during the quarter, compared with 466,993 units in the corresponding period of the previous year, implying an increase of 97,676 units as demand strengthened across segments.

The company stated that the small car category gave a major boost to Maruti Suzuki India Q3 Results, noting that of the incremental volumes recorded in the quarter, small cars taxed at the 18 per cent Goods and Services Tax slab accounted for 68,328 additional units, underlining the renewed interest in compact models.

Total sales in Maruti Suzuki India Q3 Results, including both domestic shipments and exports, reached a record 667,769 units in the third quarter, supported by overseas demand as well, with exports for Q3 FY26 rising to 103,100 units from 99,220 units in the year-ago quarter, an increase of 3,880 units.

Maruti Suzuki India Q3 Results EV exports and product network

Maruti Suzuki India Q3 Results also marked a step for the company's electric portfolio, as the automaker started exports of its first electric vehicle, the e Vitara, to Europe during the quarter and indicated that the electric sport utility vehicle would be introduced in the Indian market soon through its established retail network.

The sales network mentioned in Maruti Suzuki India Q3 Results covers the Arena and Nexa channels, with Arena currently handling models such as Alto K10, S-Presso, WagonR, Celerio, Swift, Dzire, Ertiga, Eeco, Brezza and Victoris, while Nexa retails Ignis, Baleno, Fronx, Grand Vitara, Jimny, XL6 and Invicto, and will also sell the e Vitara when launched locally.

While Maruti Suzuki India Q3 Results showed healthy operational trends, the share price moved lower on the day of the announcement, with shares of the company declining by 2.41 per cent to close at Rs 14,877 per share on the National Stock Exchange, reflecting investor reaction to the one-time provision and broader market factors.