Maruti Suzuki reported a standalone net profit of ₹3,794 crore for the October–December quarter of FY26 on January 28, registering a 4 percent year-on-year increase compared with ₹3,659.3 crore in the same quarter last year. The profit figure includes a one-time exceptional charge of ₹593.9 crore related to the implementation of new labour codes last year.
Revenue from operations rose sharply by about 29 percent year-on-year to ₹49,891.5 crore in Q3 FY26, up from ₹38,752.3 crore a year earlier. This exceeded analysts’ average estimate of ₹49,593 crore, according to LSEG data. Operating EBITDA grew 10 percent to ₹5,571.7 crore.
The company attributed strong performance to a sharp recovery in the Indian automobile market following GST reforms, led mainly by small cars. Domestic sales hit a record 5,64,669 units, up by nearly 98,000 units from last year, with the small-car segment contributing the bulk of the growth. Total sales, including exports, reached an all-time high of 6,67,769 units. Exports rose to 1,03,100 units, and Maruti also began exporting its first electric vehicle, the e Vitara.
After results, the stock was volatile, falling 4 percent before rebounding sharply, though it later slipped again.