Maruti Suzuki India Q4 Results: Stock falls after lower other income, higher taxes dent profit
Published on 28/04/2026 03:02 PM
Maruti Suzuki India Q4 Results: Stock falls after lower other income, higher taxes dent profitMaruti Suzuki India's net profit dipped due to sharp drop in other income and an increased tax expense. The board approved a final dividend of ₹140 per share for FY26.By Meghna Sen April 28, 2026, 3:02:34 PM IST (Updated)2 Min ReadMaruti Suzuki India Ltd., India's largest passenger car manufacturer reported its March quarter results on Tuesday, April 28, which were in-line when compared to expectations.
Net profit for the period stood at ₹3,591 crore, a decline of 3% from last year's figure of ₹3,711 crore. Maruti's net profit was also lower than the CNBC-TV18 poll projection of ₹4,150 crore.
Maruti Suzuki's other income stood at ₹500 crore , compared to ₹1,528 crore in the same quarter last year. The car manufacturer's tax expense came in at ₹1,245 crore.
Maruti Suzuki's profit declined due to a sharp drop in other income and a higher tax outgo, despite double-digit revenue growth.
Revenue for the quarter surged by 29% from last year to ₹52,449 crore. A CNBC-TV18 poll had pegged the topline growth at ₹51,161 crore.
Volumes grew 12% year-on-year and 1% sequentially, while realisations increased 15% year-on-year and 4% quarter-on-quarter.
Earnings Before Interest, Tax, Depreciation and Amortisation or EBITDA for the quarter stood at ₹6,157 crore growth of 44% from last year's figure of ₹4,265 crore. The figure is marginally higher compared to the CNBC-TV18 poll of ₹6,142 crore.
EBITDA margin expanded by 120 basis points at the end of the fourth quarter to 11.7% from 10.5% in March last year. The CNBC-TV18 poll had projected the margin figure at 12%. Higher raw material costs also weighed on margins.
The Board of Maruti Suzuki also approved a final dividend of ₹140 per share for FY26.
Shares of Maruti Suzuki are trading 1.68% lower, seeing sharp price moves after the results announcement at ₹13,000. Shares are down 22% so far this year.Continue ReadingFirst Published: Apr 28, 2026 2:56 PM ISTTagsMaruti Suzuki earningsMaruti Suzuki IndiaMaruti Suzuki India MSI