The company had posted a net profit of Rs 3,649.9 crore in the corresponding period of the previous financial year. According to analysts’ consensus estimates compiled by Bloomberg, the standalone net profit was projected to decline by 16% to Rs 3,075.8 crore from Rs 3,650 crore in the period under review.
Korean auto major Hyundai Motor India (HMIL) on Wednesday reported an 8% decline in consolidated net profit to Rs 1,369.23 crore in Q1FY26.
During the quarter, the company registered net sales of Rs 36,624.7 crore, an increase of 8.1% over Rs 33,875.3 crore recorded in Q1FY25. Total expenses rose by 11% to Rs 35,402.4 crore in the first quarter, compared to Rs 31,817.4 crore in the year-ago period.
In a statement, the company said, “In Quarter 1, the domestic passenger vehicle industry continued to witness a sluggish demand environment. For the company, a decline in domestic sales of 4.5% was compensated by a robust 37.4% growth in exports, resulting in an overall sales volume increase of 1.1% year-on-year for the quarter.”
Maruti Suzuki sold a total of 527,861 vehicles last quarter, comprising domestic sales of 430,889 units and exports of 96,972 units.Shares of Maruti Suzuki closed at Rs 12,634.46 apiece, up 0.10% on the BSE. The benchmark index fell 0.36% to 81,185.58 on Thursday.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)