Maruti Suzuki India Ltd. Q3 FY2026 results: revenue ₹49,904 crore, up 28.7% on the year
Maruti Suzuki India Ltd. (MARUTI) reported consolidated revenue from operations of ₹49,904 crore for Q3 FY2026, the quarter ended 31 December 2025, up 28.7% on the same quarter a year earlier. Profit after tax was ₹3,879 crore, up 4.1% on the year, and earnings per share ₹123.38. The figures are the company's own, from the un-audited results it filed with NSE on 28 January 2026.
The quarter, against the one before and a year earlier
| Line | Q3 FY2026 | Q2 FY2026 | Q3 FY2025 | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 49,904 | 42,344 | 38,764 | +28.7% |
| Other income | 1,055 | 946 | 1,058 | -0.2% |
| Total income | 50,959 | 43,290 | 39,822 | +28.0% |
| Cost of materials consumed | 29,234 | 25,324 | 21,965 | +33.1% |
| Purchases of stock-in-trade | 5,854 | 6,682 | 4,709 | +24.3% |
| Changes in inventories | 1,181 | -1,547 | 633 | +86.6% |
| Employee benefit expense | 2,701 | 2,052 | 1,787 | +51.2% |
| Finance costs | 62 | 57 | 46 | +33.3% |
| Depreciation, depletion and amortisation | 1,735 | 1,703 | 1,429 | +21.4% |
| Other expenses | 5,411 | 4,809 | 4,595 | +17.8% |
| Total expenses | 46,127 | 39,018 | 35,163 | +31.2% |
| Profit before exceptional items and tax | 4,832 | 4,272 | 4,659 | +3.7% |
| Exceptional items | 0 | 0 | 0 | n/a |
| Profit before tax | 4,832 | 4,272 | 4,659 | +3.7% |
| Current tax | 899 | 973 | 1,019 | -11.8% |
| Deferred tax | 140 | 18 | -20 | n/a |
| Total tax | 1,038 | 990 | 999 | +3.9% |
| Profit after tax | 3,879 | 3,349 | 3,727 | +4.1% |
| Attributable to owners of the parent | 3,879 | 3,349 | 0 | n/a |
| Other comprehensive income | 376 | 260 | -129 | n/a |
| Total comprehensive income | 4,255 | 3,610 | 3,598 | +18.2% |
| EPS, basic | ₹123.38 | ₹106.52 | ₹118.54 | +4.1% |
| EPS, diluted | ₹123.38 | ₹106.52 | ₹118.54 | +4.1% |
₹ crore except per share.
Quarterly results, the last 12 quarters
| Q1 FY2024 | Q2 FY2024 | Q3 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 32,338 | 37,073 | 33,513 | 35,779 | 37,449 | 38,764 | 40,920 | 38,605 | 42,344 | 49,904 | 52,462 | 52,470 |
| Expenses | 30,148 | 33,112 | 30,410 | 32,062 | 33,879 | 35,163 | 37,586 | 35,585 | 39,018 | 46,127 | 48,125 | 50,000 |
| Operating profit | 2,985 | 4,790 | 4,440 | 5,107 | 4,999 | 5,077 | 4,844 | 4,623 | 5,086 | 5,573 | 6,158 | 4,313 |
| OPM % | 9% | 13% | 13% | 14% | 13% | 13% | 12% | 12% | 12% | 11% | 12% | 8% |
| Other income | 978 | 829 | 996 | 1,060 | 1,523 | 1,058 | 1,511 | 1,888 | 946 | 1,055 | 484 | 1,874 |
| Interest | 46 | 35 | 36 | 57 | 43 | 46 | 48 | 47 | 57 | 62 | 73 | 64 |
| Depreciation | 748 | 794 | 1,302 | 1,332 | 1,386 | 1,429 | 1,462 | 1,556 | 1,703 | 1,735 | 1,748 | 1,780 |
| Exceptional items | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 3,169 | 4,790 | 4,099 | 4,778 | 5,093 | 4,659 | 4,846 | 4,908 | 4,272 | 4,832 | 4,821 | 4,344 |
| Tax % | 22% | 23% | 23% | 23% | 40% | 21% | 21% | 23% | 23% | 21% | 26% | 23% |
| Net profit | 2,525 | 3,764 | 3,207 | 3,760 | 3,102 | 3,727 | 3,911 | 3,792 | 3,349 | 3,879 | 3,659 | 3,447 |
| EPS in ₹ | ₹83.59 | ₹124.61 | ₹102.00 | ₹119.58 | ₹98.68 | ₹118.54 | ₹124.40 | ₹120.62 | ₹106.52 | ₹123.38 | ₹116.38 | ₹109.63 |
| Filing | NSE | NSE | NSE | NSE | NSE | NSE | Filing | Filing | Filing | Filing | Filing | Filing |
₹ crore except per share, consolidated, as filed with the exchange. Operating profit is sales less the expenses other than interest and depreciation, OPM is that over sales, and tax % is tax over profit before tax: arithmetic on the filed lines; everything else is as filed. Quarters before December 2024 are from the exchange's earlier results feed, which carries the filed lines without the filing itself; the column links to the exchange's page for the company.
Source
Un-audited consolidated results for the quarter ended 31 December 2025, filed with NSE on 28 January 2026: the result statement. All of Maruti Suzuki India Ltd.'s results: NSE company page.
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