Maruti Suzuki India Limited — Quarter and year ended March 31, 2026 (Standalone and Consolidated)
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| Particulars | Quarter ended March 31, 2026 (Audited Refer Note 8) | Quarter ended December 31, 2025 (Unaudited) | Quarter ended March 31, 2025 (Audited Refer Note 8) | Year ended March 31, 2026 (Audited) | Year ended March 31, 2025 (Audited) |
|---|---|---|---|---|---|
| Revenue from operations | |||||
| Sale of products | 500,787 | 475,344 | 388,391 | 1,743,695 | 1,450,980 |
| Sale of services | 14,785 | 15,977 | 14,710 | 59,346 | 54,152 |
| Other operating revenues | 8,921 | 7,594 | 5,995 | 29,620 | 23,547 |
| I Total Revenue from operations | 524,493 | 498,915 | 409,096 | 1,832,661 | 1,528,679 |
| II Other income | 4,998 | 10,543 | 15,282 | 43,919 | 50,647 |
| III Total Income (I+II) | 529,491 | 509,458 | 424,378 | 1,876,580 | 1,579,326 |
| Expenses | |||||
| Cost of materials consumed | 351,689 | 292,339 | 233,327 | 1,116,633 | 873,183 |
| Purchases of stock-in-trade | 49,408 | 58,515 | 61,613 | 231,741 | 213,927 |
| Changes in inventories of finished goods, work-in-progress and stock-in-trade | (16,258) | 11,819 | (5,765) | (22,709) | (12,274) |
| Employee benefits expense | 22,473 | 26,929 | 17,981 | 90,290 | 70,057 |
| Finance costs | 730 | 617 | 476 | 2,387 | 1,942 |
| Depreciation and amortisation expenses | 17,477 | 17,343 | 14,614 | 67,405 | 56,070 |
| Other expenses | 56,502 | 54,086 | 54,068 | 205,091 | 186,043 |
| Vehicles / dies for own use | (890) | (490) | (554) | (2,887) | (3,749) |
| IV Total Expenses | 481,131 | 461,158 | 375,760 | 1,687,951 | 1,385,199 |
| V Profit before tax (III-IV) | 48,360 | 48,300 | 48,618 | 188,629 | 194,127 |
| Tax expense | |||||
| Current tax | 14,120 | 8,984 | 8,704 | 43,183 | 38,811 |
| Deferred tax | (1,665) | 1,376 | 1,341 | 992 | 12,340 |
| VI Total tax expense | 12,455 | 10,360 | 10,045 | 44,175 | 51,151 |
| VII Profit for the period (V-VI) | 35,905 | 37,940 | 38,573 | 144,454 | 142,976 |
| Other comprehensive income | |||||
| (i) Items that will not be reclassified to profit or loss | |||||
| (a) Re-measurements of the defined benefit plans | 411 | 540 | (47) | 506 | (868) |
| (b) Fair value changes on equity instruments through other comprehensive income | (6,185) | 3,907 | (4,582) | 5,177 | 1,363 |
| (5,774) | 4,447 | (4,629) | 5,683 | 495 | |
| (ii) Income tax relating to items that will not be reclassified to profit or loss | 781 | (695) | 674 | (868) | (148) |
| VIII Total other comprehensive income for the period (i+ii) | (4,993) | 3,752 | (3,955) | 4,815 | 347 |
| IX Total comprehensive income for the period (VII+VIII) | 30,912 | 41,692 | 34,618 | 149,269 | 143,323 |
| X Paid-up equity share capital | 1,572 | 1,572 | 1,572 | 1,572 | 1,572 |
| XI Face value of the share (INR) | 5 | 5 | 5 | 5 | 5 |
| XII Other equity | 1,049,526 | 942,701 | |||
| XIII Earnings per equity share (not annualised) | |||||
| Basic | 114.20 | 120.67 | 122.69 | 459.46 | 454.75 |
| Diluted | 114.20 | 120.67 | 122.69 | 459.46 | 454.75 |
| Particulars | As at March 31, 2026 | As at March 31, 2025 |
|---|---|---|
| Audited | Audited | |
| A ASSETS | ||
| Non-current assets | ||
| Property, plant and equipment | 334,083 | 318,852 |
| Right-of-use assets | 5,998 | 5,960 |
| Capital work-in-progress | 94,061 | 75,272 |
| Intangible assets | 5,038 | 4,901 |
| Intangible assets under development | 4,321 | 4,018 |
| Financial assets | ||
| – Investments | 593,411 | 561,048 |
| – Loans | 1 | 1 |
| – Other financial assets | 7,332 | 2,978 |
| Non-current tax assets (Net) | 5,246 | 4,962 |
| Other non-current assets | 28,819 | 28,102 |
| I Total non-current assets | 1,078,310 | 1,006,094 |
| Current assets | ||
| Inventories | 113,147 | 69,088 |
| Financial assets | ||
| – Investments | 154,244 | 83,376 |
| – Trade receivables | 53,360 | 65,349 |
| – Cash and cash equivalents | 633 | 1,802 |
| – Other bank balances | 15,131 | 3,684 |
| – Loans | 441 | 432 |
| – Other financial assets | 3,318 | 28,638 |
| Other current assets | 48,838 | 32,865 |
| II Total current assets | 389,112 | 285,234 |
| Total assets (I+II) | 1,467,422 | 1,291,328 |
| B EQUITY AND LIABILITIES | ||
| Equity | ||
| Equity share capital | 1,572 | 1,572 |
| Other equity | 1,049,526 | 942,701 |
| I Total equity | 1,051,098 | 944,273 |
| Liabilities | ||
| Non-current liabilities | ||
| Financial liabilities | ||
| – Lease liabilities | 628 | 586 |
| – Other financial liabilities | 5 | 5 |
| Provisions | 1,060 | 1,260 |
| Deferred tax liabilities (Net) | 17,112 | 15,252 |
| Other non-current liabilities | 32,747 | 33,819 |
| II Total non-current liabilities | 51,552 | 50,922 |
| Current liabilities | ||
| Financial liabilities | ||
| – Lease liabilities | 397 | 284 |
| Trade payables | ||
| – Total outstanding dues of micro and small enterprises | 2,601 | 2,047 |
| – Total outstanding dues of creditors other than micro and small enterprises | 218,713 | 167,167 |
| Other financial liabilities | 66,007 | 65,303 |
| Other current liabilities | 42,465 | 32,956 |
| Provisions | 20,687 | 15,639 |
| Current tax liabilities (Net) | 13,902 | 12,737 |
| III Total current liabilities | 364,772 | 296,133 |
| Total liabilities (II+III) | 416,324 | 347,055 |
| Total equity and liabilities (I+II+III) | 1,467,422 | 1,291,328 |
| Particulars | Year ended March 31, 2026 (Audited) | Year ended March 31, 2025 (Audited) |
|---|---|---|
| A. Cash flow from operating activities: | ||
| Profit before tax | 188,629 | 194,127 |
| Adjustments for: | ||
| Depreciation and amortisation expenses | 67,405 | 56,070 |
| Finance costs | 2,387 | 1,942 |
| Interest income | (3,829) | (4,322) |
| Dividend income | (468) | (524) |
| Net loss on sale / discarding of property, plant and equipment and capital work-in-progress | 740 | 674 |
| Net gain on sale of investments in debt mutual funds | (2,216) | (1,297) |
| Fair valuation gain on investment in debt mutual funds | (35,190) | (43,992) |
| Unrealised foreign exchange (gain)/ loss | 149 | 35 |
| Operating profit before working capital changes | 217,607 | 202,713 |
| Adjustments for changes in working capital: | ||
| – (Increase)/decrease in other financial assets (non-current) | (4,354) | (23) |
| – (Increase)/decrease in other non-current assets | 101 | (12) |
| – (Increase)/decrease in inventories | (44,059) | (15,948) |
| – (Increase)/decrease in trade receivables | 12,370 | (19,703) |
| – (Increase)/decrease in advance in the nature of loans (current) | (9) | (105) |
| – (Increase)/decrease in other financial assets (current) | 72 | 988 |
| – (Increase)/decrease in other current assets | (15,973) | (12,033) |
| – Increase/(decrease) in non-current provisions | 10 | (172) |
| – Increase/(decrease) in other non-current liabilities | (1,072) | 2,203 |
| – Increase/(decrease) in trade payables | 51,922 | 26,095 |
| – Increase/(decrease) in other financial liabilities (non-current) | – | 5 |
| – Increase/(decrease) in other financial liabilities (current) | 2,906 | 14,346 |
| – Increase/(decrease) in current provisions | 6,262 | 1,356 |
| – Increase/(decrease) in other current liabilities | 8,199 | (349) |
| Cash generated from operations | 233,982 | 199,361 |
| – Income taxes paid (Net of refund) | (43,351) | (38,047) |
| Net cash generated from operating activities | 190,631 | 161,314 |
| B. Cash flows from investing activities: | ||
| Payments for purchase of property, plant and equipment and capital work in progress | (101,215) | (102,310) |
| Payments for purchase of intangible assets and intangible assets under development | (2,749) | (3,903) |
| Proceeds from sale of property, plant and equipment | 520 | 417 |
| Payments for purchase of investment in equity shares of associates | – | (180) |
| Proceeds from sale of debt mutual funds | 1,019,686 | 697,954 |
| Payments for purchase of debt mutual funds | (1,080,179) | (738,801) |
| Payments for purchase of unquoted investments | (20) | (20) |
| Payments for purchase of quoted investments | (136) | – |
| Investment in fixed deposits with bank | (17,730) | (11,062) |
| Proceeds from fixed deposits with bank | 30,860 | 8,408 |
| Interest received | 3,535 | 4,450 |
| Dividend received | 468 | 524 |
| Net cash outflow from investing activities | (146,960) | (144,523) |
| C. Cash flows from financing activities: | ||
| Movement in short term borrowings (Net) | – | (331) |
| Payment of dividend on equity shares | (42,444) | (39,300) |
| Repayment of lease liabilities | (359) | (253) |
| Interest on lease liabilities | (82) | (89) |
| Finance costs paid (other than interest on lease liabilities) | (1,955) | (1,578) |
| Net cash outflow from financing activities | (44,840) | (41,551) |
| Net Increase/(Decrease) in cash and cash equivalents | (1,169) | (24,760) |
| Cash and cash equivalents at the beginning of the year | 1,802 | 26,562 |
| Cash and cash equivalents at the end of the year | 633 | 1,802 |
| Cash and cash equivalents comprises: | ||
| Cheques on hand | 11 | 2 |
| Balance with banks | 622 | 782 |
| Deposits (less than 3 months original maturity period) | – | 1,018 |
| 633 | 1,802 | |
| Non-cash investing and financing transaction: | ||
| Acquisition of right-of-use assets | 515 | 454 |
| Export promotion Capital Goods Grants | 1,310 | 1,052 |
| 1,825 | 1,506 |
| Particulars | Quarter ended March 31, 2026 (Audited, Refer Note 8) | Quarter ended December 31, 2025 (Unaudited) | Quarter ended March 31, 2025 (Audited, Refer Note 8) | Year ended March 31, 2026 (Audited) | Year ended March 31, 2025 (Audited) |
|---|---|---|---|---|---|
| Revenue from operations | |||||
| Sale of products | 500,820 | 475,372 | 388,419 | 1,743,820 | 1,451,099 |
| Sale of services | 14,855 | 16,063 | 14,785 | 59,681 | 54,457 |
| Other operating revenues | 8,950 | 7,606 | 5,997 | 29,659 | 23,574 |
| I Total Revenue from operations | 524,625 | 499,041 | 409,201 | 1,833,160 | 1,529,130 |
| II Other income | 4,839 | 10,551 | 15,112 | 43,572 | 50,222 |
| III Total Income (I+II) | 529,464 | 509,592 | 424,313 | 1,876,732 | 1,579,352 |
| Expenses | |||||
| Cost of materials consumed | 351,689 | 292,336 | 233,333 | 1,116,635 | 873,183 |
| Purchases of stock-in-trade | 49,448 | 58,539 | 61,636 | 231,845 | 214,000 |
| Changes in inventories of finished goods, work-in-progress and stock-in-trade | (16,269) | 11,810 | (5,773) | (22,725) | (12,275) |
| Employee benefits expense | 22,483 | 27,009 | 18,008 | 90,497 | 70,260 |
| Finance costs | 730 | 617 | 476 | 2,387 | 1,942 |
| Depreciation and amortisation expenses | 17,481 | 17,346 | 14,618 | 67,417 | 56,082 |
| Other expenses | 56,581 | 54,106 | 54,111 | 205,233 | 186,148 |
| Vehicles / dies for own use | (890) | (490) | (554) | (2,887) | (3,749) |
| IV Total expenses | 481,253 | 461,273 | 375,855 | 1,688,402 | 1,385,591 |
| V Share of profit of associates | 895 | 800 | 629 | 2,591 | 2,152 |
| VI Share of profit of joint ventures | 78 | 54 | 90 | 264 | 287 |
| VII Profit before tax (III-IV+V+VI) | 49,184 | 49,173 | 49,177 | 191,185 | 196,200 |
| Tax expense |