Maruti Suzuki Q2 Results 2025 Highlights: Net profit rises 7.3% to ₹3,293 crore, revenue up 13% YoY; stock ends lower

Maruti Suzuki Q2 Results Highlights: Here are key takeaways from the Maruti Suzuki Q2 results 2025:

> Net profit (standalone) up 7.3% to ₹3,293.1 crore from ₹3,069.2 crore, YoY

> Revenue up 13.16% to ₹42,100.8 crore from ₹37,202.8 crore, YoY

> Sales volume grew 1.7% to 550,874 units

> EBITDA up 0.4% to ₹4,434 crore from ₹4,417 crore, YoY

> EBITDA margin down 140 bps YoY to 10.5% from 11.9%, YoY

> Stock ends marginally lower by 0.22% at ₹16,170 apiece on BSE

Maruti Suzuki Q2 Results LIVE: Maruti Suzuki share price ended marginally lower on Friday after the announcement of Q2 results today. The stock closed 0.22% lower at ₹16,170 apiece on the BSE. Maruti Suzuki share price ended lower by 0.31% at ₹16,155 apiece on NSE.

Maruti Suzuki Q2 Results LIVE: On a consolidated basis, Maruti Suzuki’s net profit increased 7.9% to ₹3,349 crore from ₹3,102.5 crore a year earlier. Consolidated revenue from operations in Q2FY26 rose 13% to ₹42,344.2 crore from ₹37,449.2 crore, YoY.

Maruti Suzuki Q2 Results LIVE: During H1FY26 (April-September 2025), Maruti Suzuki sold a total of 1,078,735 units, comprising domestic sales of 871,276 units and all-time high half-yearly exports of 207,459 units. In H1FY26, the company’s total volume grew by 1.4% over the same period last year, primarily driven by a robust 39.9% increase in exports.

Maruti Suzuki Q2 Results LIVE: Maruti Suzuki’s domestic wholesales declined 5.1% YoY to 440,387 units in the September quarter due to customers deferring buying because of expectation of GST led price reduction from 22nd September. Exports grew by a robust 42.2% to 110,487 units, the highest-ever in any quarter. The overall sales volume grew 1.7% to 550,874 units in the quarter.

Maruti Suzuki Q2 Results LIVE: At the operational level, EBITDA during the September quarter was up 0.4% at ₹4,434 crore from ₹4,417 crore, while EBITDA margin contracted by 140 basis points (bps) to 10.50% from 11.90%, YoY.

Maruti Suzuki Q2 Results LIVE: Maruti Suzuki reported a standalone net profit of ₹3,293.1 crore in the quarter ended September 2025, registering a growth of 7.29% from ₹3,069.2 crore in the corresponding quarter of previous fiscal year.

Maruti Suzuki Q2 Results LIVE: Maruti Suzuki reported a standalone net profit of ₹3,293.1 crore in the quarter ended September 2025.

Maruti Suzuki Q2 Results LIVE: Maruti Suzuki reported just 2% YoY growth in volumes due to challenging demand in the domestic market for the bulk of Q2. Exports mix improved 200 bps QoQ to 20%. Motilal Oswal Financial Services expects EBITDA margin to be under pressure at 9.8% (-210 bp YoY) as benefits from operating leverage are likely to be more than offset by higher discounts and new launch expenses QoQ. It expects the auto major to post 8% YoY growth in PAT in Q2.

Maruti Suzuki Q2 Results LIVE: Maruti Suzuki’s total volumes increased by 4% QoQ and 2% YoY driven by strong growth of 42% in exports despite weak domestic sales numbers (-5% YoY) due to GST cuts announcement affecting wholesales in August and first half of September. Equirus Securities expects ASPs to remain flat on a YoY basis, however, ASPs are expected to decline 6% due to adverse product mix due to higher sales of small cars. Margins are expected to decline ~107 bps YoY due to new plant startup costs.

Maruti Suzuki Q2 Results LIVE: Maruti Suzuki sales volumes in September quarter increased 1.7% to 5,50,874 units from 5,41,550 units in the same period last year. On a sequential basis, volumes rose 4.4% from 5,27,861 units sold in Q1FY26.

Maruti Suzuki Q2 Results LIVE: Maruti Suzuki’s EBITDA is expected to decline by 7% to ₹4,108 crore in Q2FY26 from ₹4,417 crore, YoY, while EBITDA margin may contract by 154 bps to 10.3% from 11.9%, YoY, due to negative operating leverage, higher personnel costs driven by wage revision, higher marketing and advertisement spends, and forex costs, being partly offset by increased sales of CNG vehicles and exports, as per Axis Securities.

Maruti Suzuki Q2 Results LIVE: Maruti Suzuki share price has been consolidating in a tight range of ₹15,700 – ₹16,450 for the past 30 trading sessions after a sharp rally from ₹12,200 to ₹16,450, noted Anshul Jain, Head of Research at Lakshmishree Investments.

This prolonged sideways movement could turn out to be a distributive range if buying momentum fails to pick up. Currently, Maruti Suzuki share price is hovering near the upper and lower boundaries of the range, but with muted volumes, indicating a lack of conviction from both sides. A clear breakout or breakdown beyond ₹16,450 or ₹15,700, accompanied by strong volumes, will be crucial to determine the next directional move for the stock, he added.

Maruti Suzuki Q2 Results LIVE: Axis Securities expect Maruti Suzuki’s total revenue to grow by 6.9% to ₹39,776 crore from ₹37,203 crore, YoY, led by a 1.7% YoY increase in volumes and 5% YoY increase in ASPs over the last year. Higher exports (20.1% in Q2FY26 vs 14.4% in Q2FY25) in the product mix are partly offset by lower UV mix (28.2% in Q2FY26 vs 33.3% in Q2FY25) and higher discounting in entry-level vehicles.

Maruti Suzuki Q2 Results LIVE: Maruti Suzuki share price is currently trading at 29.4 / 26.2 / 23.5x FY26E / FY27E / FY28E EPS. Asit C. Mehta Investment Intermediates Ltd has a ‘Hold’ rating on Maruti Suzuki shares with a target price of ₹16,180 based on 27x its Sep-27E EPS of ₹599.

Maruti Suzuki Q2 Results LIVE: Asit C. Mehta Investment Intermediates Ltd. expects Maruti Suzuki’s ASPs to moderate sequentially (+3.0% YoY/-2.4% QoQ) due to higher discounts and improvement in share of compact vehicles, offset by higher export share. It expects revenue growth of 4.8% YoY to ₹39,003 crore, while EBITDA margin to be under pressure and contract by 163 bps YoY to 10.2%, impacted by higher discounts and expenses related to model launches. Absolute EBITDA is expected to decline by 9.6% YoY to ₹3,993.5 crore.

Net Profit has the benefit of a lower base, due to one-off tax provision expense in Q2FY25. As a result, despite lower operating performance, PAT is expected to grow by 6.6% YoY to ₹3,271.4 crore, said the brokerage firm.

Maruti Suzuki Q2 Results LIVE: Maruti Suzuki share price traded higher ahead of the Q2 results today. Maruti Suzuki shares opened higher at ₹16,229.40 apiece as against its previous close of ₹16,205.60 apiece on the BSE. The auto stock rose as much as 1.89% to an intraday high of ₹16,229.40 per share. Maruti Suzuki shares were trading 0.42% higher at ₹16,273.00 apiece on the BSE.

Maruti Suzuki Q2 Results LIVE: Maruti Suzuki is expected to report steady Q2 results with a single-digit rise in revenue, driven by better realisations and higher export contribution. While net profit is projected to grow, operating profit and margins are likely to remain under pressure.

Maruti Suzuki Q2 Results LIVE: Maruti Suzuki India, the country’s largest passenger car maker, will announce its Q2 results today. The board of directors of Maruti Suzuki is scheduled to meet on Friday, 31 October 2025, to consider and approve the financial results for the second quarter of FY26.