India
Maruti Suzuki Q3 2025: Revenue rises 15.67%, net profit up 16.21%
Maruti Suzuki India Limited, the country’s leading automobile manufacturer, announced its financial results for the third quarter of the fiscal year 2024-2025, ending December 31, 2024. The company reported a 12.6% year-on-year increase in standalone net profit, reaching ₹3,525 crore, up from ₹3,130 crore in the same quarter the previous year.
Revenue for the quarter rose by 15.6% to ₹38,492.1 crore, compared to ₹33,308.7 crore in Q3 FY24. This growth was primarily driven by robust sales in the utility vehicles segment, which includes high-margin SUVs. The utility vehicle segment experienced a 20.2% increase in sales during the quarter.
Despite the positive growth in revenue and profit, the company’s performance fell slightly short of market expectations. Analysts had projected a net profit of ₹3,662 crore, but the actual figure was ₹3,525 crore. This shortfall is attributed to higher sales promotion expenses and increased costs related to clearing inventory, which amounted to ₹680 crore.
The small car segment, encompassing popular models like the WagonR and Swift, faced a 3.7% decline in sales. This downturn reflects a broader market trend favoring SUVs over smaller vehicles. In the third quarter, small cars accounted for approximately 30% of Maruti’s sales, while utility vehicles comprised about 67%.
In response to rising costs, Maruti Suzuki has announced plans to increase car prices across its range. This move aims to mitigate the impact of higher expenses and maintain profitability.
Overall, Maruti Suzuki’s Q3 FY25 results highlight the company’s resilience in a competitive market, with significant growth in revenue and net profit driven by strong performance in the utility vehicle segment. However, challenges such as increased promotional expenses and shifting consumer preferences towards SUVs have impacted the company’s traditional small car segment.
