Maruti Suzuki Q3 Results: Net Profit Rises 4% to ₹3,794 Crore, Revenue Jumps 29%

Maruti Suzuki Q3 Results

Maruti Suzuki’s latest Q3 results show steady growth in profit and a strong jump in revenue, helped by record sales volumes but partly offset by a one‑time labour‑related expense that pulled on margins. For the October–December 2025 quarter (Q3 FY 2025‑26), the company reported consolidated net profit of about ₹3,794 crore, up roughly 4% year‑on‑year, while revenue from operations rose around 29% to nearly ₹49,892 crore compared with about ₹38,752 crore in the same quarter last year.

The exchange filing and press coverage highlight that this topline beat was driven by record quarterly domestic sales of over 5.6 lakh units and total sales of about 6.68 lakh units, including exports, even as an exceptional item of about ₹594 crore linked to the implementation of the four new labour codes hit the P&L in one shot.

On an operating basis, EBITDA climbed to roughly ₹5,572 crore, up about 10% year‑on‑year, though the EBITDA margin slipped by close to 190 basis points to a little over 11%, reflecting the impact of higher costs and that exceptional charge despite better pricing, richer product mix, and efficiency gains.

Management commentary in the Q3 FY24‑25 release and subsequent updates stresses a few clear drivers: robust demand for SUVs and premium models, a supportive product mix, continued strength in exports, and the benefit of operating leverage from higher volumes, all of which cushioned the one‑time labour‑code hit and left the company with its highest‑ever net sales for a quarter.

At the same time, the filings and analyst summaries note that the reported profit came in below some of the more optimistic street estimates, which explains why the stock saw a knee‑jerk intraday slide of around 4–5% on the results day, even though the underlying year‑on‑year trajectory in revenue, volume, and earnings remains positive.

Looking a bit beyond the single quarter, Maruti Suzuki’s own Q3 and nine‑month FY24‑25 communication underlines that April–December was a record period for the company: highest‑ever nine‑month sales volume, net sales, and net profit, with total volumes of about 16.3–17.5 lakh units and net sales crossing ₹1.24 lakh crore compared with roughly ₹1.06 lakh crore a year earlier.

The mix is clearly shifting: small cars still matter, but SUVs and higher‑priced models are doing more of the heavy lifting in both revenue and margin, and exports now well over 2.4 lakh units for the nine months are becoming an increasingly important cushion when domestic demand softens segment‑wise.

For investors and industry watchers, this Q3 print essentially says two things at once: operationally, the franchise is in good health, compounding sales and profits off a high base, but the market’s expectations around margins and bottom‑line beats are now high enough that even a solid quarter can trigger short‑term volatility if it doesn’t clear every estimate on the screen.

Below is an official PDF for Maruti Suzuki Q3 in BSE- Click Here

Disclaimer

Maruti Suzuki Q3 financial data mentioned here is based on recent public filings and business media coverage and may be updated or revised by the company. This article is for general information and educational purposes only and should not be treated as investment, trading, or stock‑picking advice.