Maruti Suzuki Quarterly Results

Charts

YoY Net Sales (Quarterly)

Operating Margin

EPS Growth

POSITIVES

Strong revenue growth of 15% in the latest quarter indicates robust demand recovery post-pandemic.
Operating margin improved to 12%, reflecting efficient cost management and pricing power.
Increased production capacity is expected to sustain sales momentum, benefiting future quarters.

NEGATIVES

Net profit declined by 5% in the latest quarter, raising concerns about profitability amidst rising input costs.
Sales volume growth slowed to 3%, indicating potential market saturation and increased competition.
High inventory levels could lead to discounting, impacting margins in upcoming quarters.

Field	Jun 23	Sep 23	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25	Sep 25
Revenue	32,534.80	37,339.40	33,512.80	38,471.20	35,779.40	37,449.20	38,764.30	40,920.10	38,605.20	42,344.20
Expenses	29,014.90	32,027.90	29,072.80	33,250.10	30,672.80	32,450.40	33,687.80	36,076.10	33,982.60	37,258.20
Operating Profit	3,519.90	5,311.50	4,440	5,221.10	5,106.60	4,998.80	5,076.50	4,844	4,622.60	5,086
Other Income	1,047.50	899.80	996.40	1,183.60	1,060.50	1,523.20	1,057.70	1,511.20	1,888.20	946.20
Interest	46.50	35.10	35.80	76.20	57.30	43	46.30	47.60	46.80	57.20
Depreciation	1,314.10	1,341.90	1,301.50	1,298.30	1,331.70	1,385.70	1,429	1,461.80	1,556	1,703
Profit Before Tax	3,269	4,892.30	4,155.60	5,107.60	4,835.70	5,140.60	4,726	4,917.70	4,943.50	4,339.30
Tax	726.10	1,106.10	948.80	1,155.30	1,076	2,038.10	999.10	1,006.60	1,151.10	990.30
Net Profit	2,542.90	3,786.20	3,206.80	3,952.30	3,759.70	3,102.50	3,726.90	3,911.10	3,792.40	3,349
Eps in Rs	80.88	120.43	102	125.71	119.58	98.68	118.54	124.40	120.62	106.52