Revenue for the quarter increased by 13% from the year-ago period to ₹42,101 crore, which is higher than the CNBC-TV18 poll of ₹39,639 crore.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter remained flat on a year-on-year basis to ₹4,434 crore, which is in-line with the CNBC-TV18 poll of ₹4,417 crore.
EBITDA margin for the quarter narrowed to 10.5% from 11.8% from last year. The narrowing of margins was on expected lines as the CNBC-TV18 poll had projected the figure to be 10.6%.Adverse commodity prices and unfavourable foreign exchange movement, higher sales promotion expenses and limited time price correction in some models, higher advertisement expenses, new plant-related expenses at Kharkhoda and lower non-operating income contributed to the narrowing of Maruti’s margins during the quarter.
Cost reduction efforts and a higher operating income helped partly offset some of those negative factors.
Raw material costs went up by 160 basis points during the quarter, while employee costs as a percentage of sales went up by 30 basis points.
Shares of Maruti Suzuki India are currently trading 0.4% lower after the earnings announcement at ₹16,158. The stock may have been flat over the last one month, but has gained 45% so far in 2025.
