Maruti Suzuki Q4 Results: Net Profit Falls 4%, Meets Estimates

Maruti Suzuki India Ltd.'s net profit fell in the fourth quarter of fiscal 2026, but met analysts' estimates.

Standalone net profit of India's largest carmaker fell 4% from the year-ago period to Rs 40,673 crore in the three months ended March 31, even as revenue rose 6.4% to Rs 40,673 crore, according to an exchange filing on Friday. Analysts polled by Bloomberg had estimated the top line at Rs 40,929 crore and the bottom line at Rs 3,857 crore.

• Revenue up 6.4% to Rs 40,673.80 crore versus Rs 38,234.90 crore (Estimate: Rs 40,929 crore).

• Ebitda down 9% to Rs 4,264.70 crore versus Rs 4,685.00 crore (Estimate: Rs 4,897 crore).

• Margin at 10.5% versus 12.3% (Estimate: 11.96%).

• Profit down 4% to Rs 3,711.1 crore versus Rs 3,877.8 crore (Estimate: Rs 3,857 crore).

One basis point is one-hundredth of a percentage point.

For the full fiscal, standalone net profit rose 5.64% year-on-year to Rs 13,995.2 crore on the back of revenue from operations that increased 7.78% to Rs 1,51,900 crore. Consequently, the board of directors has recommended a final dividend of Rs 135 per share.

The annual performance came on the back of record sales and exports.

Domestic sales of the New Delhi-based carmaker rose 2.7% year-on-year to 19,01,681 units even as exports surged 17.5% to 3,32,585 units. Maruti Suzuki now accounts for 43% of car exports from India.