Maruti Suzuki India Limited , India's leading automobile manufacturer, has released its financial results for the second quarter of the fiscal year 2025-26, showcasing a mixed performance with revenue growth exceeding expectations but profit falling short of estimates.

Revenue Growth

For the quarter ended September 30, 2025, Maruti Suzuki reported total revenue of ₹421.00 billion, marking a significant increase from ₹372.00 billion in the same quarter of the previous year. This figure surpassed analysts' estimates of ₹396.40 billion, indicating strong sales performance despite challenging market conditions.

Profit Performance

Despite the increase in revenue, the company's net profit fell short of expectations. For Q2 FY2026, Maruti Suzuki's net profit stood at ₹33.00 billion, up from ₹30.70 billion in the corresponding quarter last year. However, this figure was below the estimated ₹36.18 billion projected by analysts.

Financial Performance Overview

Here's a summary of Maruti Suzuki's key financial metrics for Q2 FY2026:

EBITDA Performance

Maruti Suzuki's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased marginally to ₹44.34 billion from ₹44.17 billion year-over-year, exceeding estimates of ₹41.90 billion. However, the EBITDA margin declined to 10.53% from 11.90% in the previous year, remaining close to the estimated 10.60%.

Looking Ahead

While Maruti Suzuki has shown strong revenue growth and exceeded EBITDA expectations, the lower-than-expected profit and declining EBITDA margin may prompt the company to explore strategies for cost optimization and efficiency improvements in the coming quarters. The automotive sector continues to face challenges, including supply chain disruptions and evolving consumer preferences, which may influence Maruti Suzuki's performance in the near future.

Investors and analysts will likely keep a close eye on how the company addresses these challenges and maintains its market leadership in the competitive Indian automotive market.

Maruti Suzuki India Limited , the country's largest carmaker, is set to announce its September quarter financial results on Friday. Analysts are projecting a solid financial performance for the second quarter, with expectations of growth in both revenue and profit despite challenges in the domestic small-car segment.

Key Performance Indicators

According to consensus estimates from analysts:

Margin Outlook

Despite the projected growth in revenue and profit, analysts anticipate some pressure on margins:

• Operating margins are expected to contract to 10.60% from 12.40% in the year-ago period.
• Ebitda is projected to decline to Rs 4,229.80 crore from Rs 4,416.60 crore.

Market Dynamics

The automotive industry has experienced strong festive season demand, with several positive factors influencing the market:

• Entry-level cars have seen increased preference over two-wheelers.
• India's automotive market recorded over one lakh passenger vehicle sales during the two-day Dhanteras period.
• The total retail value for this period is estimated between Rs 8,000-8,500 crore.
• GST 2.0 reforms effective from September 22 have contributed to higher demand for entry-level cars.

Stock Performance

Maruti Suzuki's stock has shown strong performance:

• Shares closed 0.32% higher at Rs 16,190.00 on the day prior to the results announcement.
• The stock has gained 43.97% over the last 12 months.
• Year-to-date, it has surged by 49.25%.

Outlook

While Maruti Suzuki faces challenges such as margin pressure and a subdued domestic small-car market, the strong festive season demand and positive market trends provide a favorable backdrop for the company's Q2 results.

Investors and analysts will be closely watching the actual figures and any forward-looking statements from the management to gauge the company's performance trajectory in the coming quarters.