Maruti Suzuki Q2 Net Profit Falls 12% YoY

Revenue from operations: ₹52,455 crore (Q2 FY2026) vs ₹38,593 crore (Q2 FY2025) - 36% increase
Sale of products: ₹49,959 crore
Sale of services: ₹1,736 crore
Other operating revenues: ₹760 crore
Other income: ₹1,874 crore
Total income: ₹54,329 crore
Total expenses: ₹49,988 crore
Cost of materials consumed: ₹32,013 crore
Purchases of stock-in-trade: ₹5,436 crore
Employee benefits expense: ₹2,457 crore
Depreciation and amortization: ₹1,780 crore
Profit before tax: ₹4,341 crore
Tax expense: ₹989 crore (Current tax: ₹872 crore, Deferred tax: ₹117 crore)
Profit for the period: ₹3,352 crore (down 12% YoY from ₹3,758 crore in Q2 FY2025)
Total comprehensive income: ₹3,468 crore

Q2 FY2026 vs Q2 FY2025: Revenue ↑36%, Profit ↓12%
Q2 FY2026 vs Q1 FY2026: Revenue flat (₹52,455 crore vs ₹52,449 crore), Profit ↓7% (₹3,352 crore vs ₹3,591 crore)

Ministry of Environment, Forest and Climate Change notified rules on January 6, 2025, effective April 1, 2025
Extended Producer Responsibility (EPR) obligations imposed on vehicle manufacturers/importers
Obligations to be fulfilled through purchase of EPR certificates from Registered Vehicle Scrapping Facilities
Centralized Online Portal made partially operational, but pricing mechanism and measurement framework not yet available
Company currently unable to reliably estimate range of possible outcomes
Financial impact will be evaluated once implementation framework is established

Board approved Scheme of Amalgamation on January 29, 2025, between Company and Suzuki Motor Gujarat Private Limited (wholly owned subsidiary)
Hon'ble National Company Law Tribunal, New Delhi approved scheme vide order dated November 6, 2025
Scheme became effective from December 1, 2025 after filing with Registrar of Companies, Delhi
Amalgamation given effect from April 1, 2025 (Appointed Date)
Comparative figures for quarter ended June 30, 2025 restated in accordance with Ind AS 103

Figures for quarter ended March 31, 2026 are balancing figures between audited annual figures and published unaudited nine-month figures

Board meeting held on July 31, 2026 (commenced 12:15 p.m., concluded 3:40 p.m.)
Financial results reviewed by Audit Committee and approved by Board of Directors
Limited review performed by statutory auditors Price Waterhouse Chartered Accountants LLP
Unmodified review reports issued for both standalone and consolidated results
Review conducted in accordance with Standard on Review Engagements (SRE) 2410

The consolidated results include:

Subsidiaries: 2 entities (True Value Solutions Limited, J.J. Impex (Delhi) Limited)
Associates: 14 entities including Jay Bharat Maruti Limited, Bharat Seats Limited, Krishna Maruti Limited
Joint Ventures: 3 entities (Marelli Powertrain India, Maruti Suzuki Toyotsu India, Plastic Omnium Auto Inergy)

2 subsidiaries not reviewed by their auditors: Total revenue ₹23.1 crore, net profit ₹1.6 crore
14 associates and 3 joint ventures not reviewed by their auditors: Group's share of net profit ₹97.7 crore, total comprehensive income ₹97.8 crore
Management considers these interim financial information not material to the Group