Maruti Suzuki Q3 FY26 profit rises to ₹36,593 crore despite labour code impact

Maruti Suzuki India Limited reported a solid performance for the quarter ended December 31, 2025, with profit after tax rising to ₹36,593 crore, up from ₹33,028 crore in the same period last year, as per its unaudited financial results approved by the board on January 28, 2026.

Revenue from operations for the quarter stood at ₹1,498.91 crore, supported by consistent demand across its passenger vehicle lineup. Total income, including other income, increased to ₹1,661.95 crore during the quarter.

The company faced higher operating costs, primarily due to increased employee benefit expenses following the notification of the new Labour Codes. Maruti Suzuki recorded an incremental impact of ₹5,939 million in the quarter, largely linked to changes in wage definitions affecting gratuity and long-term compensated absences.

Profit before tax came in at ₹46,568 crore, compared to ₹42,909 crore in the corresponding quarter last year, reflecting improved operational efficiency despite regulatory pressures. Earnings per share for the quarter rose to ₹116.39, from ₹105.05 a year earlier.

During the quarter, Maruti Suzuki also completed the amalgamation of Suzuki Motor Gujarat Private Limited after receiving approval from the National Company Law Tribunal. The merger has been accounted for with effect from April 1, 2025, with prior-period standalone financials restated accordingly.

The company flagged potential future costs arising from the End-of-Life Vehicles Rules, 2025, noting that the financial impact cannot yet be reliably estimated due to the lack of clarity on pricing and measurement mechanisms for Extended Producer Responsibility certificates.

Overall, Maruti Suzuki’s Q3 FY26 performance highlights its ability to deliver profit growth while absorbing regulatory and compliance-led cost pressures, reinforcing its leadership position in India’s passenger vehicle market.