Maruti Suzuki Indias Q1 Profit, Revenue Fall Sequentially, Exports Up
However, on a year-on-year (YoY) basis, the country's largest carmaker reported a slightly higher net profit of Rs 3,792 crore for the first quarter of FY26 than the Rs 3,760 crore recorded in the same period the previous year. The company's total income for April–June 2025 rose to Rs 40,493 crore from Rs 36,840 crore a year ago. Net sales also increased YoY to Rs 36,625 crore from Rs 33,875 crore, as per the exchange filing.
Maruti, which produces popular models such as the Swift and Dzire, said the domestic passenger vehicle industry continued to face sluggish demand in the first quarter. Domestic sales fell 4.5 per cent, but this was offset by strong export growth of 37.4 per cent, leading to an overall sales volume increase of 1.1 per cent compared to the previous year.
'For the company, a decline in domestic sales of 4.5 per cent was compensated by a robust 37.4 per cent growth in exports, resulting in an overall sales volume increase of 1.1 per cent for the quarter, year-on-year," it stated.
In total, the company sold 527,861 vehicles during the quarter, including 430,889 units in the domestic market and 96,972 units for export.
The company credited its export performance for cushioning the impact of softer domestic demand -- helping it maintain steady profitability despite industry headwinds.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
15 minutes ago
- Time of India
Centre picks Medak for pharma energy scheme
1 2 Hyderabad: The Centre has selected Medak district in Telangana to promote global energy efficiency technologies in the pharma industryunder the Assistance in Deploying Energy Efficient Technologies in Industries and Establishments (ADEETIE). Through this scheme, MSMEs are expected to reduce energy consumption by 30 to 50%, enhance their power-to-product ratio, and support the creation of green energy corridors. The Centre has allocated Rs 1,000 crore for the scheme across the country. Being implemented by the Bureau of Energy Efficiency (BEE), the scheme aims to accelerate the adoption of advanced energy-efficient technologies in MSMEs. BEE has called upon all state govts to act swiftly and ensure the successful implementation of ADEETIE, urging engagement with state-designated agencies (SDAs) to inform stakeholders, identify suitable clusters, and assist MSMEs in transitioning to new technologies. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad ADEETIE is being rolled out across 60 industrial clusters and 14 energy-intensive sectors, such as textiles, foundries, and food processing, through a phased and cluster-specific approach targeting precise interventions for tangible outcomes. BEE has selected five states for the ADEETIE scheme to promote global energy efficiency technologies in the pharma industry, including Telangana. Apart from Medak, the scheme will also be implemented in Baddi, Madgaon, Ahmedabad, and Bidar for pharma sector innovation. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Indian NRIs Are Getting Eligible For INR 2 Lakh Monthly Pension On Retirement. Invest 18K/M Get Offer Undo by Taboola by Taboola "ADEETIE is a big boon to the MSME sector," said Akash Tripathi, additional secretary, ministry of power and director general, BEE, urging all states to leverage this opportunity from the outset to ensure the scheme's success and optimise benefits for their industries. From the ₹1,000-crore budget, ₹875 crore is designated as interest subvention to facilitate concessional finance for energy-efficient upgrades, with ₹50 crore earmarked for implementation and capacity-building. The initiative is projected to mobilise investments of over ₹9,000 crore, including substantial contributions from MSMEs themselves. The Union govt views the scheme as an essential tool for post-pandemic recovery and for fostering long-term sustainability, employment generation, and the pursuit of India's climate and net-zero objectives. Get the latest lifestyle updates on Times of India, along with Friendship Day wishes , messages and quotes !
Time of India
15 minutes ago
- Time of India
Flagging a downturn: Future tense for Hubballi's khadi tricolour makers
Hubballi: Amendment to the National Flag Code, that allows citizens to hoist flags made of polyester and other materials throughout the year, has impacted the livelihood of workers involved in the making of khadi national flags at the production centre in Bengeri in Hubballi, under Karnataka Khadi Gramaodyog Samyukta Sangha (KKGSS). The centre, which previously held the exclusive rights to produce khadi flags, witnessed a sharp decline in orders, forcing workers, mostly skilled in traditional khadi weaving, to move to other tasks. An eerie silence hangs over the facility that used to typically produce thousands of flags annually, especially before Independence Day celebrations. The KKGSS management has diversified its production line to include other khadi products to sustain operations. This change has not only impacted direct employees, but also the entire supply chain, including raw material suppliers and local traders. Many traditional artisans who specialised in khadi flag-making for decades are suddenly being forced to learn new skills as the centre has started focusing on producing khadi bags, clothing, furnishings, and other traditional items. Apart from the obvious financial implications, the changed circumstances come with an emotional disconnect as well. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Glasgow: If You Were Born Between 1940-1975 You Could Be Eligible For This Life Cover Reassured Get Quote Undo While polyester flags are cheaper and more readily available, khadi flags represent a connection to India's freedom struggle and the self-reliance movement. Annapurna Doddamani, the manager at KKGSS national flag production centre, said the centre, with its 25 artisans, halted flag production in March-April this year due to diminished demand. To keep the artisans employed, they have moved to producing khadi bags. The artisans now make 10-15 zippered bags daily, earning only around Rs 25 per bag. Shivanand Mathapati, the KKGSS secretary, reported that the centre currently holds a flag inventory worth more than Rs 2 crore. The organisation sought amendments to the modified National Flag Code during the 'Har Ghar Tiranga' celebration, marking 'Azadi Ka Amrit Mahotsav'. Even then, the flag production unit continues to struggle. Get the latest lifestyle updates on Times of India, along with Friendship Day wishes , messages and quotes !
Time of India
29 minutes ago
- Time of India
Alignment concerns delay Vizhinjam-Navaikulam outer ring road project
Thiruvananthapuram: The outer ring road project from Vizhinjam to Navaikulam in the state capital is set to be delayed. Union road transport minister stated in Parliament that the current alignment has serious design flaws and was now under review. Tired of too many ads? go ad free now In response to a question in Lok Sabha raised by Attingal MP Adoor Prakash, Gadkari confirmed that the initial alignment, determined by the state feasibility study, would result in extensive hill cutting and major ecological damage. As a result, the alignment was being re-examined in coordination with the state govt to reduce environmental impact. Originally pitched at 62.7km with an estimated construction cost of Rs 8,000 crore, the project is to be built and managed by National Highways Authority of India (NHAI), under Bharatmala Pariyojana scheme. Affected landowners, many of whom surrendered their land documents to the revenue department over two years ago, have been left in limbo, waiting for compensation. Even after project approval, compensation is only due once final alignment and clearances are endorsed by the competent authority, a move the MP calls 'a grave injustice'. Compensation delays stem partly from stalled environmental clearance: the southern sector (Vizhinjam to Thekkada) received clearance in 2023, but the northern section (Thekkada to Navaikulam) remains legally blocked after a May 16, 2025, Supreme Court ruling annulled post-facto green clearance provisions. The State Level Environment Impact Assessment Authority (SEIAA) term also lapsed in March and the authority has shifted to the central ministry, further delaying approvals. Meanwhile, land acquisition costs have doubled, from an initial Rs 1,800 crore to over Rs 3,800 crore, and coverage includes 314 hectares across 24 villages. Valuations are set to expire in Aug, raising urgency, since delayed payment triggers 12% annual interest under the Compensation Act. Tired of too many ads? go ad free now A high-level meeting chaired by chief minister's principal secretary K M Abraham earlier this month instructed NHAI to finalise land acquisition and disburse compensation within two months. Despite Rs 700 crore transferred to NHAI in Jan, no payments have been made. Landowners action council, represented by S Chandramohan Nair, threatened a hunger strike if disbursement doesn't begin soon. Adoor Prakash insisted that the state must take urgent steps to realise the project and ensure compensation was delivered without further delay. Earlier, PWD minister P A Mohamed Riyas informed the state that the final approval for the project would be granted by the end of July.
