MARUTI Maruti Suzuki India Q4 FY26 results (Jan–Mar 2026) and concall
Maruti Suzuki reported strong Q4 FY26 operational performance, driven by a rebound in small car demand post-GST reforms and robust export volumes. The company achieved its highest-ever annual sales and net sales, with Q4 operating profit growing over 30%. However, net profit declined due to a significant mark-to-market impact from hardening bond yields and increased commodity and new model expenses. The company is aggressively expanding capacity to meet strong demand and is progressing with its EV transition.
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What they filed
Q4 FY26: revenue up 28.2%, net profit down 6.4% against the same quarter last year.
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 38,764 | 40,920 | 38,605 | 42,344 | 49,904 +29% | 52,462 +28% |
| EBITDA | 5,076 | 4,844 | 4,623 | 5,086 | 5,573 +10% | 6,158 +27% |
| Net profit | 3,727 | 3,911 | 3,792 | 3,349 | 3,879 +4% | 3,659 −6% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
