MUMBAI: India’s favourite carmaker isn’t just fuelling roads, it’s firing up the financials too. Maruti Suzuki India cruised through the first quarter of FY26 with a consolidated net profit of Rs 37,924 million, accelerating past last year’s Rs 37,597 million.
Total consolidated income hit Rs 404,934 million in the quarter ended 30 June 2025, driven by Rs 386,052 million in revenue from operations marking a healthy bump from Rs 357,794 million a year ago. Other income also revved up to Rs 18,882 million from Rs 10,605 million.
The company’s consolidated profit before tax reached Rs 49,435 million, with a tax outgo of Rs 11,511 million. What truly put Maruti in overdrive was its tight grip on costs. Material consumption stood at Rs 219,368 million, while purchases of stock-in-trade clocked in at Rs 57,038 million. A modest Rs 2,794 million gain from inventory changes also helped balance the books.
Employee costs rose to Rs 20,483 million, and depreciation nudged up to Rs 15,560 million, but overall expense discipline kept total costs at Rs 355,854 million leaving room for a tidy operating margin.
While the company didn’t pull any handbrakes this quarter, its joint ventures and associates chipped in too, contributing Rs 296 million and Rs 59 million respectively.
On a standalone basis, the picture looked equally polished. Standalone profit came in at Rs 37,117 million, up from Rs 36,499 million a year ago, with revenue from operations at Rs 384,136 million. The basic and diluted earnings per share stood at Rs 118.06.
Maruti’s quarterly detour into comprehensive income saw a gain of Rs 3,465 million from re-measurements and fair value adjustments despite a minor speed bump from actuarial losses on pension liabilities.
For a company with Rs 960,827 million in other equity and a paid-up capital of just Rs 1,572 million, Maruti continues to steer shareholder value with turbocharged confidence. If Q1 is any indicator, the full-year drive promises more pit stops of profit.
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