Maruti Suzuki Reports 11% YoY Profit Decline in Q1 FY27 Despite 36% Revenue Growth; Check Details

On Friday, Indian equity benchmark indices traded higher, with the benchmark Nifty 50 index rising 66.45 points, or 0.27 per cent, to 24,383.60. Amid the positive market sentiment, Maruti Suzuki India share price gained 0.32 per cent to Rs 14,234 after the company announced its Q1 FY27 financial results.

Maruti Suzuki Q1 FY27 Results

On a standalone basis, revenue from operations increased 35.9 per cent YoY to Rs 52,455.10 crore for the quarter ended June 30, 2026, compared with Rs 38,593.00 crore in the corresponding quarter last year.

Total income rose 34.2 per cent YoY to Rs 54,329.40 crore, compared with Rs 40,480.90 crore in Q1 FY26.

Profit before Tax (PBT) declined 11.5 per cent YoY to Rs 4,341.30 crore, from Rs 4,906.00 crore in the year-ago quarter.

Profit after tax (PAT) fell 10.8 per cent YoY to Rs 3,352.10 crore, compared with Rs 3,758.10 crore in Q1 FY26. Basic earnings per share (EPS) stood at Rs 106.62, compared with Rs 119.53 in the corresponding quarter last year.

Operational Highlights

During the quarter, cost of materials consumed increased to Rs 32,013.20 crore from Rs 21,936.40 crore in the year-ago period, while employee benefit expenses rose to Rs 2,456.90 crore from Rs 2,043.20 crore.

Depreciation and amortisation expenses stood at Rs 1,780 crore, while other expenses increased to Rs 5,483.70 crore during the quarter, reflecting higher operating costs.

Key Developments

The company stated that the implementation framework for the Environment Protection (End-of-Life Vehicles) Rules, 2025 is still evolving. As the pricing mechanism for Extended Producer Responsibility (EPR) certificates and the methodology for measuring the financial oligation are yet to be notified, the company has not recognised any provision relating to these obligations.

Maruti Suzuki also noted that the Scheme of Amalgamation with Suzuki Motor Gujarat Private Limited became effective on December 1, 2025, and the comparative financial figures for the corresponding quarter have been restated in accordance with the approved scheme.
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About Maruti Suzuki India

Maruti Suzuki India Ltd is India's largest passenger vehicle manufacturer. The company is engaged in the manufacturing and sale of passenger vehicles, components and spare parts, with a wide portfolio of vehicles catering to domestic and export markets. It also operates across related businesses, including pre-owned car sales, fleet management and vehicle financing.

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Disclaimer: The article is for informational purposes only and not investment advice.