Maruti Suzuki India quarterly results and financials

Maruti Suzuki India (MARUTI)₹12,928+0.88%(9 Nov 2026 close)Passenger Cars & Utility Vehicles

Key facts

In the Sep 2026 quarter (consolidated), Maruti Suzuki India reported sales of ₹53,329 Cr, up 26.0% from Sep 2025, and net profit of ₹2,461 Cr, down 26.5% year on year. For the year to Mar 2026, sales were ₹1.83 L Cr and net profit ₹14,668 Cr.

Sales (Sep 2026): ₹53,329 Cr
Net profit (Sep 2026): ₹2,461 Cr
Sales (FY Mar 2026): ₹1.83 L Cr
Net profit (FY Mar 2026): ₹14,668 Cr
EPS (Sep 2026): ₹78.31
Borrowings (Mar 2026): ₹102 Cr

Company filings, consolidated accounts; latest reported quarter Sep 2026

Maruti Suzuki India quarterly results

₹ crore unless stated; each column is a quarter.

Maruti Suzuki India Quarterly results
	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales	33,472	38,427	35,757	37,406	38,722	40,911	38,564	42,316	49,870	52,391	52,436	53,329
Expenses	29,057	33,217	30,648	32,430	33,666	36,005	33,939	37,192	44,259	46,227	48,115	48,509
Operating Profit	4,426	5,202	5,086	4,984	5,061	4,830	4,605	5,069	5,554	6,134	4,297	4,750
OPM %	13.0%	14.0%	14.0%	13.0%	13.0%	12.0%	12.0%	12.0%	11.0%	12.0%	8.0%	9.0%
Other Income	1,051	1,258	1,116	1,568	1,122	1,581	1,921	1,012	1,138	580	1,970	482
Interest	35.96	75.84	56.92	42.91	45.94	47.92	46.90	56.93	61.95	72.94	63.92	67.86
Depreciation	1,299	1,296	1,329	1,382	1,427	1,458	1,553	1,700	1,732	1,745	1,777	1,956
Profit before tax	4,142	5,093	4,819	5,127	4,708	4,904	4,932	4,325	4,905	4,906	4,425	3,208
Tax %	23.0%	23.0%	22.0%	40.0%	21.0%	20.0%	23.0%	23.0%	21.0%	26.0%	22.0%	23.0%
Net Profit	3,203	3,944	3,754	3,096	3,723	3,904	3,784	3,347	3,875	3,656	3,441	2,461
EPS (Rs)	101.87	125.54	119.35	98.48	118.36	124.25	120.44	106.32	123.21	116.15	109.40	78.31

Maruti Suzuki India profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Maruti Suzuki India Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	57,520	68,067	79,748	86,018	75,532	70,329	88,216	1,18,289	1,41,695	1,52,881	1,83,067	2,08,026
Expenses	48,521	57,622	67,595	74,897	68,261	64,855	82,521	1,05,169	1,23,108	1,32,428	1,61,518	1,87,111
Operating Profit	8,986	10,383	12,083	11,022	7,333	5,396	5,737	13,073	18,558	20,165	21,446	20,735
OPM %	16.0%	15.0%	15.0%	13.0%	10.0%	8.0%	7.0%	11.0%	13.0%	13.0%	12.0%	10.0%
Other Income	1,462	2,395	2,151	2,658	3,406	3,039	1,858	2,411	4,239	5,194	4,559	4,170
Interest	81.92	88.84	345	75.89	134	102	127	252	194	194	239	267
Depreciation	2,817	2,600	2,755	3,016	3,521	3,030	2,784	4,834	5,247	5,593	6,729	7,210
Profit before tax	7,557	10,102	11,141	10,594	7,078	5,308	4,681	10,403	17,373	19,563	19,072	17,444
Tax %	28.0%	26.0%	29.0%	28.0%	20.0%	18.0%	17.0%	21.0%	23.0%	26.0%	23.0%	—
Exceptional items	859	1,599	1,333	1,682	2,421	−46.12	1,058	119	−8.02	79.22	183	—
Net Profit	5,488	7,503	7,868	7,643	5,674	4,383	3,875	8,253	13,461	14,473	14,668	13,432
EPS (Rs)	181.63	248.33	260.31	252.91	187.49	145.06	128.14	272.87	428.44	460.66	466.00	427.07
Dividend payout %	19.0%	30.0%	31.0%	32.0%	32.0%	31.0%	47.0%	34.0%	29.0%	29.0%	30.0%	—

Maruti Suzuki India balance sheet

₹ crore, at each year end.

Maruti Suzuki India Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	151	151	151	151	151	151	151	151	157	157	157	157
Reserves	24,155	30,445	36,893	42,357	46,836	49,198	52,252	55,082	74,312	85,421	95,982	1,06,846
Borrowings	664	231	483	121	159	184	539	425	1,245	119	86.82	102
Other Liabilities	9,446	11,822	14,333	17,484	16,637	13,964	18,247	18,805	24,142	29,408	34,522	41,422
Total Liabilities	34,419	42,648	51,859	60,113	63,783	63,496	71,188	74,463	99,856	1,15,104	1,30,748	1,48,527
Fixed Assets	12,476	12,511	13,289	13,364	15,402	15,713	14,965	13,715	27,894	27,827	32,934	34,461
CWIP	1,897	1,010	1,256	2,138	1,611	1,421	1,503	2,946	4,153	7,754	7,958	9,869
Investments	13,237	20,611	29,059	36,003	37,341	37,369	42,766	41,839	48,957	57,087	66,005	76,508
Other Assets	6,810	8,517	8,256	8,608	9,428	8,993	11,955	15,963	18,851	22,436	23,852	27,689
Inventories	2,758	3,143	3,278	3,172	3,338	3,226	3,060	3,545	5,463	5,338	6,943	11,369
Trade receivables	1,141	1,319	1,199	1,460	2,304	1,971	1,275	2,027	3,273	4,580	6,513	5,323
Cash & equivalents	42.99	50.97	23.99	73.89	188	28.98	3,046	3,039	2,744	2,826	552	1,578
Total Assets	34,419	42,648	51,859	60,113	63,783	63,496	71,188	74,463	99,856	1,15,104	1,30,748	1,48,527

Maruti Suzuki India cash flow

₹ crore, for each year.

Maruti Suzuki India Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	6,460	8,498	10,299	11,796	6,606	3,503	8,870	1,842	10,837	16,819	16,196	19,128
Cash from investing activity	−4,507	−7,252	−9,201	−8,336	−3,553	−559	−7,311	−240	−8,856	−11,900	−14,545	−14,774
Cash from financing activity	−2,000	−1,235	−1,126	−3,427	−2,941	−3,096	−1,540	−1,602	−1,211	−4,054	−4,146	−4,474
Net cash flow	−44.84	15.96	−19.96	49.88	113	−165	19.96	−5.98	778	871	−2,468	−118
Capex	3,057	2,467	3,388	3,912	4,871	3,437	2,368	3,457	8,056	9,200	10,623	10,402
Free cash flow	3,422	6,046	6,934	7,937	1,907	96.34	6,548	−1,489	2,871	7,673	5,622	8,788
CFO / OP %	109.0%	115.0%	121.0%	122.0%	88.0%	67.0%	182.0%	52.0%	100.0%	110.0%	99.1%	109.0%

Maruti Suzuki India ratios

Working-capital days and returns, by year.

Maruti Suzuki India Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	7	7	5	6	9	9	6	7	9	11	15	10
Inventory days	29	31	26	22	21	23	23	21	24	20	24	32
Days payable	57	70	65	70	59	51	73	54	58	62	57	61
Cash conversion cycle	−20	−32	−33	−42	−29	−20	−44	−26	−25	−31	−18	−19
Working capital days	−25	−26	−35	−39	−29	−19	−49	−29	−29	−25	−23	−28
ROCE %	18.9%	22.9%	23.9%	23.9%	18.9%	8.9%	10.9%	6.0%	15.9%	21.9%	21.9%	18.9%

Maruti Suzuki India: frequently asked questions

What are the latest quarterly results of Maruti Suzuki India?

For the Sep 2026 quarter, Maruti Suzuki India reported sales of ₹53,329 Cr, up 26.0% year on year and net profit of ₹2,461 Cr, down 26.5% year on year. The operating margin was 9.0%.

What is the annual revenue of Maruti Suzuki India?

Maruti Suzuki India's sales for the year to Mar 2026 were ₹1.83 L Cr; over the last twelve months they were ₹2.08 L Cr.

What is the net profit of Maruti Suzuki India?

Net profit for the year to Mar 2026 was ₹14,668 Cr, and ₹13,432 Cr over the last twelve months. Earnings per share over the same trailing period were ₹427.07.

How much debt does Maruti Suzuki India have?

Maruti Suzuki India reported borrowings of ₹102 Cr at Mar 2026, against cash and equivalents of ₹1,578 Cr.

What is the free cash flow of Maruti Suzuki India?

Cash from operations was ₹19,128 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹8,788 Cr.

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