Maruti Suzuki India quarterly results

Q2 FY27 · Jul–Sep 2026

₹ crore	Q2 FY27	Q2 FY26	Change
Revenue	53,356	42,344	+26.0%
EBITDA	4,764	5,086	−6.3%
EBITDA margin	8.9%	12.0%	−3.1 pts
Profit before tax	3,150	4,272	−26.3%
Net profit	2,466	3,349	−26.4%
EPS	₹78.44	₹106.52	−26.4%

Every quarter

₹ crore except per share

Tap a line for its trend	Q2 FY27Sep 2026	Q1 FY27Jun 2026	Q4 FY26Mar 2026	Q3 FY26Dec 2025	Q2 FY26Sep 2025	Q1 FY26Jun 2025	Q4 FY25Mar 2025	Q3 FY25Dec 2024	Q2 FY25Sep 2024	Q1 FY25Jun 2024	Q4 FY24Mar 2024	Q3 FY24Dec 2023	Earlier quartersAlpha Plus

Expenses
	53,356	52,470	52,463	49,904	42,344	38,605	40,920	38,764	37,449	35,779	38,471	33,513	Earlier quartersEvery year the company has filed comes with Alpha Plus.
	414	1,874	484	1,055	946	1,888	1,511	1,058	1,523	1,061	1,184	996
	53,769	54,344	52,946	50,959	43,290	40,493	42,431	39,822	38,972	36,840	39,655	34,509
	37,489	32,013	35,169	29,234	25,324	21,937	23,333	21,965	21,773	20,247	20,860	18,561
	5,941	5,439	4,945	5,854	6,682	5,704	6,164	4,709	4,923	5,605	5,849	4,774
	−2,839	2,902	−1,627	1,181	−1,547	−279	−577	633	−193	−1,090	404	18.5
	2,351	2,464	2,248	2,701	2,052	2,048	1,801	1,787	1,681	1,758	1,571	1,530
	67.7	63.5	73.0	61.7	57.2	46.8	47.6	46.3	43.0	57.3	76.2	35.8
	1,960	1,780	1,748	1,735	1,703	1,556	1,462	1,429	1,386	1,332	1,298	1,302
	5,651	5,339	5,569	5,362	4,747	4,573	5,356	4,595	4,266	4,153	4,567	4,189
	50,619	50,000	48,125	46,127	39,018	35,585	37,586	35,163	33,879	32,062	34,625	30,410
	4,764	4,313	6,158	5,573	5,086	4,623	4,844	5,077	4,999	5,107	5,221	4,440
	2,804	2,533	4,410	3,839	3,383	3,067	3,382	3,648	3,613	3,775	3,923	3,139
Profit
	3,150	4,344	4,821	4,832	4,272	4,908	4,846	4,659	5,093	4,778	5,030	4,099
	3,150	4,344	4,821	4,832	4,272	4,908	4,846	4,659	5,093	4,778	5,030	4,099
	715	873	1,412	899	973	1,036	871	1,019	1,020	972	1,063	928
	37.8	121	−153	140	17.5	115	136	−20.2	1,018	104	92.3	21.3
	753	994	1,259	1,038	990	1,151	1,007	999	2,038	1,076	1,155	949
	69.0	97.7	97.3	85.4	67.3	35.5	71.9	67.1	47.3	57.6	77.4	56.5
	2,466	3,447	3,659	3,879	3,349	3,792	3,911	3,727	3,103	3,760	3,952	3,207
	2,397	3,349	3,562	3,794	3,282	3,757	3,839	3,660	3,055	3,702	3,875	3,150
	218	116	−501	376	261	347	−396	−129	215	343	−68.6	−92.9
	2,684	3,563	3,158	4,255	3,610	4,139	3,516	3,598	3,317	4,103	3,884	3,114
	2,466	3,447	3,659	3,879	3,349	3,792	3,911	3,727	3,103	3,760	3,952	3,207
Per share
	₹78.44	₹109.63	₹116.38	₹123.38	₹106.52	₹120.62	₹124.40	₹118.54	₹98.68	₹119.58	₹251.42	₹102.00
	₹78.44	₹109.63	₹116.38	₹123.38	₹106.52	₹120.62	₹124.40	₹118.54	₹98.68	₹119.58	₹251.42	₹102.00
Other comprehensive income — detail
	218	116	−501	376	261	347	−396	—	—	—	—	—
	255	126	−579	445	305	397	−463	−158	287	383	−76.2	−102
	36.9	9.4	−78.1	69.5	44.9	50.5	−67.4	—	—	—	—	—
	—	—	—	—	—	—	—	−29.3	72.3	39.2	−7.6	−8.9
	2,684	3,563	3,158	4,255	3,610	4,139	3,516	3,598	3,317	4,103	3,884	3,114
Per share — as-filed variants
	₹78.44	₹109.63	₹116.38	₹123.38	₹106.52	₹120.62	₹124.40	₹118.54	₹98.68	₹119.58	₹125.71	₹102.00
	₹78.44	₹109.63	₹116.38	₹123.38	₹106.52	₹120.62	₹124.40	₹118.54	₹98.68	₹119.58	₹125.71	₹102.00
	₹0.00	₹0.00	₹0.00	₹0.00	₹0.00	₹0.00	₹0.00	₹0.00	₹0.00	₹0.00	₹125.71	₹0.00
	₹0.00	₹0.00	₹0.00	₹0.00	₹0.00	₹0.00	₹0.00	₹0.00	₹0.00	₹0.00	₹125.71	₹0.00
Derived — gross profit (revenue − materials − purchases − Δ inventories)
	12,765	12,116	13,976	13,636	11,885	11,244	12,001	11,458	10,946	11,018	11,359	10,159
	23.9%	23.1%	26.6%	27.3%	28.1%	29.1%	29.3%	29.6%	29.2%	30.8%	29.5%	30.3%
Adjusted (ex-exceptional items) — derived
	3,150	4,344	4,821	4,832	4,272	4,908	4,846	4,659	5,093	4,778	5,030	4,099
	2,466	3,447	3,659	3,879	3,349	3,792	3,911	3,727	3,103	3,760	3,952	3,207
	₹78.44	₹109.63	₹116.38	₹123.38	₹106.52	₹120.62	₹124.40	₹118.54	₹98.68	₹119.58	₹251.42	₹102.00

Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

MARUTI₹11,426.00

Maruti Suzuki India Ltd.

· Auto & Mobility

Annual Quarterly₹ CrorePeersM&M HYUNDAI BAJAJ-AUTO EICHERMOT TMPV MOTHERSON BOSCHLTD TVSMOTORMcap ₹3.59L Cr

View

In ₹ Crore except Per Share 3 Months Ending	Q3 FY24 31/12/2023	Q4 FY24 31/03/2024	Q1 FY25 30/06/2024	Q2 FY25 30/09/2024	Q3 FY25 31/12/2024	Q4 FY25 31/03/2025	Q1 FY26 30/06/2025	Q2 FY26 30/09/2025	Q3 FY26 31/12/2025	Q4 FY26 31/03/2026	Q1 FY27 30/06/2026	Q2 FY27 30/09/2026
Revenue from Operations	33,512.8	38,471.2	35,779.4	37,449.2	38,764.3	40,920.1	38,605.2	42,344.2	49,904.1	52,462.5	52,469.8	53,355.5
Other Income	996.4	1,183.6	1,060.5	1,523.2	1,057.7	1,511.2	1,888.2	946.2	1,055.1	483.9	1,874.0	413.6
Total Income	34,509.2	39,654.8	36,839.9	38,972.4	39,822.0	42,431.3	40,493.4	43,290.4	50,959.2	52,946.4	54,343.8	53,769.1
Expenses
+ Cost of Materials Consumed	18,561.3	20,859.8	20,247.2	21,773.1	21,964.7	23,333.3	21,936.8	25,324.2	29,233.6	35,168.9	32,013.2	37,488.5
+ Purchases of Stock-in-Trade	4,774.0	5,848.7	5,604.7	4,923.1	4,708.6	6,163.6	5,703.8	6,682.0	5,853.9	4,944.8	5,439.1	5,941.0
+ Changes in Inventories	18.5	404.2	-1,090.4	-192.8	633.0	-577.3	-279.4	-1,547.2	1,181.0	-1,626.9	2,901.9	-2,839.2
+ Employee Benefit Expense	1,530.4	1,570.9	1,757.9	1,680.7	1,786.6	1,800.8	2,048.3	2,052.2	2,700.9	2,248.3	2,463.8	2,350.5
+ Finance Costs	35.8	76.2	57.3	43.0	46.3	47.6	46.8	57.2	61.7	73.0	63.5	67.7
+ Depreciation & Amortisation	1,301.5	1,298.3	1,331.7	1,385.7	1,429.0	1,461.8	1,556.0	1,703.0	1,734.6	1,748.1	1,780.3	1,959.9
+ Other Expenses	4,188.6	4,566.5	4,153.4	4,266.3	4,594.9	5,355.7	4,573.1	4,747.0	5,361.6	5,569.1	5,338.5	5,650.6
Total Expenses	30,410.1	34,624.6	32,061.8	33,879.1	35,163.1	37,585.5	35,585.4	39,018.4	46,127.3	48,125.3	50,000.3	50,619.0
EBITDA	4,440.0	5,221.1	5,106.6	4,998.8	5,076.5	4,844.0	4,622.6	5,086.0	5,573.1	6,158.3	4,313.3	4,764.1
EBIT	3,138.5	3,922.8	3,774.9	3,613.1	3,647.5	3,382.2	3,066.6	3,383.0	3,838.5	4,410.2	2,533.0	2,804.2
Profit
PBT before Exceptional Items	4,099.1	5,030.2	4,778.1	5,093.3	4,658.9	4,845.8	4,908.0	4,272.0	4,831.9	4,821.1	4,343.5	3,150.1
Pretax Income	4,099.1	5,030.2	4,778.1	5,093.3	4,658.9	4,845.8	4,908.0	4,272.0	4,831.9	4,821.1	4,343.5	3,150.1
+ Current Tax	927.5	1,063.0	972.3	1,020.4	1,019.3	870.9	1,036.2	972.8	898.6	1,412.2	873.1	715.2
+ Deferred Tax	21.3	92.3	103.7	1,017.7	-20.2	135.7	114.9	17.5	139.6	-152.8	121.2	37.8
Tax Expense	948.8	1,155.3	1,076.0	2,038.1	999.1	1,006.6	1,151.1	990.3	1,038.2	1,259.4	994.3	753.0
+ Share of Associates & JVs	56.5	77.4	57.6	47.3	67.1	71.9	35.5	67.3	85.4	97.3	97.7	69.0
Net Income	3,206.8	3,952.3	3,759.7	3,102.5	3,726.9	3,911.1	3,792.4	3,349.0	3,879.1	3,659.0	3,446.9	2,466.1
+ Net Income — Continuing Ops	3,150.3	3,874.9	3,702.1	3,055.2	3,659.8	3,839.2	3,756.9	3,281.7	3,793.7	3,561.7	3,349.2	2,397.1
+ Other Comprehensive Income	-92.9	-68.6	343.3	214.6	-128.6	-395.6	346.5	260.5	375.6	-501.3	116.2	218.3
Total Comprehensive Income	3,113.9	3,883.7	4,103.0	3,317.1	3,598.3	3,515.5	4,138.9	3,609.5	4,254.7	3,157.7	3,563.1	2,684.4
Net Income to Common	3,206.8	3,952.3	3,759.7	3,102.5	3,726.9	3,911.1	3,792.4	3,349.0	3,879.1	3,659.0	3,446.9	2,466.1
Per Share
Basic EPS	102.00	251.42	119.58	98.68	118.54	124.40	120.62	106.52	123.38	116.38	109.63	78.44
Diluted EPS	102.00	251.42	119.58	98.68	118.54	124.40	120.62	106.52	123.38	116.38	109.63	78.44
Other Comprehensive Income — detail
+ Other Comprehensive Income	—	—	—	—	—	-395.6	346.5	260.5	375.6	-501.3	116.2	218.3
+ Items NOT to be Reclassified to P&L	-101.8	-76.2	382.5	286.9	-157.9	-463.0	397.0	305.4	445.1	-579.4	125.6	255.2
+ Tax on Items NOT to be Reclassified	—	—	—	—	—	-67.4	50.5	44.9	69.5	-78.1	9.4	36.9
+ Tax on Items NOT to be Reclassified — alt tag	-8.9	-7.6	39.2	72.3	-29.3	—	—	—	—	—	—	—
Comprehensive Income — Owners of Parent	3,113.9	3,883.7	4,103.0	3,317.1	3,598.3	3,515.5	4,138.9	3,609.5	4,254.7	3,157.7	3,563.1	2,684.4
Per Share — as-filed variants
Basic EPS — Continuing Operations	102.00	125.71	119.58	98.68	118.54	124.40	120.62	106.52	123.38	116.38	109.63	78.44
Diluted EPS — Continuing Operations	102.00	125.71	119.58	98.68	118.54	124.40	120.62	106.52	123.38	116.38	109.63	78.44
Basic EPS — Discontinued Operations	0.00	125.71	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Diluted EPS — Discontinued Operations	0.00	125.71	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Derived — Gross Profit (Revenue − Materials − Purchases − Δ Inventories)
Gross Profit	10,159.0	11,358.5	11,017.9	10,945.8	11,458.0	12,000.5	11,244.0	11,885.2	13,635.6	13,975.7	12,115.6	12,765.2
Gross Margin %	30.31	29.52	30.79	29.23	29.56	29.33	29.13	28.07	27.32	26.64	23.09	23.92
Adjusted (ex-Exceptional Items) — derived
Pretax Income (Adjusted, as filed)	4,099.1	5,030.2	4,778.1	5,093.3	4,658.9	4,845.8	4,908.0	4,272.0	4,831.9	4,821.1	4,343.5	3,150.1
Net Income Adj (tax-effected)	3,206.8	3,952.3	3,759.7	3,102.5	3,726.9	3,911.1	3,792.4	3,349.0	3,879.1	3,659.0	3,446.9	2,466.1
EPS Adj	102.00	251.42	119.58	98.68	118.54	124.40	120.62	106.52	123.38	116.38	109.63	78.44
Other Filed Concepts — mapped but not yet placed in the schedule
Face Value	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00
Paid Up Equity Capital	157.2	157.2	157.2	157.2	157.2	157.2	157.2	157.2	157.2	157.2	157.2	157.2

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: Q2 FY27 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Maruti Suzuki Q2 FY27 results (July–September 2026)

Filed with NSE on Tuesday, 27 October 2026 at 3:27 pm IST

Maruti Suzuki India (NSE: MARUTI) reported its Q2 FY27 results (July–September 2026) on Tuesday, 27 October 2026 at 3:27 pm IST. Consolidated net profit was ₹2,466 crore, down 26.4% from ₹3,349 crore in Q2 FY26 and down 28.5% from ₹3,447 crore in Q1 FY27. Revenue from operations was ₹53,356 crore, up 26.0% year on year and up 1.7% from the previous quarter.

Q2 FY26 results (a year earlier): 31 October 2025
Q3 FY27 results due by: 14 February 2027

Q2 FY27 at a glance · consolidated

Net profit: ₹2,466 Cr−26.4% vs Q2 FY26−28.5% vs Q1 FY27
Revenue from operations: ₹53,356 Cr+26.0% vs Q2 FY26+1.7% vs Q1 FY27
Operating margin (EBIT): 5.3%−2.7 pts vs Q2 FY26+0.4 pts vs Q1 FY27EBIT ₹2,804 Cr
EBITDA: ₹4,764 Cr−6.3% vs Q2 FY26+10.5% vs Q1 FY27margin 8.9%
Earnings per share (basic): ₹78.44−26.4% vs Q2 FY26−28.5% vs Q1 FY27
Net profit margin: 4.6%−3.3 pts vs Q2 FY26−1.9 pts vs Q1 FY27

Questions

What was Maruti Suzuki's net profit in Q2 FY27?

Consolidated net profit was ₹2,466 crore, down 26.4% from ₹3,349 crore in Q2 FY26 and down 28.5% from ₹3,447 crore in Q1 FY27.

What is Maruti Suzuki's net profit margin?

Maruti Suzuki's net profit margin was 4.6% in Q2 FY27 (net profit as a share of revenue from operations), against 7.9% in Q2 FY26 (down 3.3 percentage points). For FY26 as a whole it was 8.0%.

What was Maruti Suzuki's net profit in FY26?

Consolidated net profit was ₹14,680 crore in FY26 (April 2025–March 2026), up 1.2% from ₹14,500 crore in FY25. It was ₹13,488 crore in FY24 and ₹8,211 crore in FY23: up 78.8% over three years, 21.4% a year on average.

What was Maruti Suzuki's revenue in Q2 FY27?

Revenue from operations was ₹53,356 crore, up 26.0% year on year and up 1.7% from the previous quarter.

What was Maruti Suzuki's EPS in Q2 FY27?

Basic earnings per share were ₹78.44, against ₹106.52 in Q2 FY26.

When did Maruti Suzuki announce its Q2 FY27 results?

On Tuesday, 27 October 2026 at 3:27 pm IST, in its results filing to the stock exchanges. A year earlier it reported Q2 FY26 on 31 October 2025.

How were Maruti Suzuki's Q2 FY27 results?

Revenue grew from a year earlier while net profit fell: revenue was up 26.0% at ₹53,356 crore, and net profit was down 26.4% at ₹2,466 crore. The operating margin was 5.3%, down 2.7 percentage points from 8.0% a year earlier. Against Q1 FY27, net profit was down 28.5% and revenue up 1.7%.

What was Maruti Suzuki's operating margin in Q2 FY27?

Operating profit (EBIT — revenue less operating expenses, before finance costs and other income) was ₹2,804 crore, a margin of 5.3%, against 4.8% in Q1 FY27 and 8.0% in Q2 FY26. EBITDA was ₹4,764 crore, 8.9% of revenue.

What was Maruti Suzuki's net profit in the first half of FY27?

Consolidated net profit for the first half of FY27 (April–September 2026) was ₹5,913 crore, down 17.2% from ₹7,141 crore in the same months a year earlier. Revenue from operations was ₹1,05,825 crore, up 30.7%.

How has Maruti Suzuki's profit changed over the last four quarters?

Net profit by quarter: ₹3,879 crore in Q3 FY26, ₹3,659 crore in Q4 FY26, ₹3,447 crore in Q1 FY27 and ₹2,466 crore in Q2 FY27. That is ₹13,451 crore over the four quarters, down 9.0% from ₹14,779 crore in the four quarters before. Revenue from operations: ₹49,904 crore, ₹52,463 crore, ₹52,470 crore and ₹53,356 crore.

What was Maruti Suzuki's revenue in FY26?

Revenue from operations was ₹1,83,316 crore in FY26 (April 2025–March 2026), up 19.9% from ₹1,52,913 crore in FY25. It was ₹1,41,858 crore in FY24 and ₹1,17,571 crore in FY23: up 55.9% over three years, 16.0% a year on average.

When will Maruti Suzuki announce its Q3 FY27 results?

Q3 FY27 covers October–December 2026. Listed companies must publish quarterly results within 45 days of the quarter's end (SEBI listing rules, Regulation 33), so the results are due by 14 February 2027. The company tells the exchanges the date of the board meeting at least two working days before it.

Where do these Maruti Suzuki figures come from?

From Maruti Suzuki India's own consolidated results filings to NSE, in ₹ crore as filed (Q2 FY27 on 27 October 2026). Growth compares the same consolidated figures a year and a quarter earlier.

Consolidated figures from the company's filings to NSE. Every company's results dates this season are in the Q2 FY27 results calendar, part of Alpha Plus.