Maruti Suzuki Q3 profit up 4% at ₹3,879 crore
The Hindu
Maruti Suzuki reports a 4% profit increase to ₹3,879 crore despite a ₹594 crore one-time provision for Labour Codes.
Maruti Suzuki India on Wednesday posted 4% increase in consolidated net profit at ₹3,879 crore for the December quarter FY26, hit by one-time provision of ₹594 crore on account of the new Labour Codes.
The country’s largest carmaker reported a net profit of ₹3,727 crore for the October-December period last fiscal.
Total revenue from operations rose to ₹49,904 crore in the third quarter from ₹38,764 crore in the year-ago period, the company said in a regulatory filing.
Owing to the GST reform, there was a sharp recovery in the Indian car market, primarily led by the small car segment, it noted.
The company said it achieved its highest-ever quarterly domestic sales of 5,64,669 units as compared to 4,66,993 units in Q3 the previous year, an increase of 97,676 units.
“Out of this increase, the small car segment in the 18% GST bracket accounted for 68,328 units,” it added.
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