Latest news with #MSIL
New Indian Express
6 hours ago
- Automotive
- New Indian Express
Maruti reports 2% growth in Q1 net profit as exports save sluggish domestic demand
India's largest carmaker Maruti Suzuki (MSIL) on Thursday reported a marginal 2% rise in net profit to Rs 3,712 crore for the quarter that ended on June 30 (Q1FY26) as demand in the domestic market remains sluggish. MSIL had reported a net profit of Rs 3,650 crore in the year-ago period. The carmaker's revenue rose 8% to Rs 38,414 crore in Q1FY26 as against Rs 35,531 crore in the same quarter a year ago. '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% for the quarter, year-on-year,' said MSIL in a statement.
Business Standard
6 hours ago
- Automotive
- Business Standard
Maruti Suzuki Q1 PAT rises 1.7% YoY to Rs 3,711 crore; exports up 37.4%
Maruti Suzuki India Ltd (MSIL) reported a modest 1.7% year-on-year (YoY) growth in net profit at Rs 3,711.7 crore for the quarter ended 30 June 2025 (Q1 FY26), compared to Rs 3,650 crore in Q1 FY25. Net sales rose 8.1% YoY to Rs 36,624.7 crore, supported by a marginal uptick in sales volumes and higher non-operating income. Despite revenue growth, operating EBIT declined 18.9% YoY to Rs 3,057.8 crore, impacted by higher material and employee costs, adverse forex movements, and increased promotional and new plant-related expenses (Kharkhoda greenfield plant). EBIT margin contracted to 8.3% from 11.1% a year ago. The Profit Before Tax (PBT) rose 3.1% YoY to Rs 4,834.2 crore, aided by a jump in non-operating income, which increased from 2.9% to 5.0% of net sales. PAT margin came in at 10.1%, down from 10.8% in Q1 FY25. Compared to Q4 FY25, revenue declined 5.7%, and sales volumes fell 12.7%. PAT was broadly unchanged sequentially, while EBIT dropped 9.9%. However, margins improved, with PBT margin rising to 13.2% from 12.3%, and PAT margin increasing to 10.1% from 9.6% in the previous quarter. The decline in operating leverage was partially offset by lower advertising and administrative costs, as well as higher other income. During the quarter, the company sold 5,27,861 vehicles, up 1.1% YoY from 5,21,868 units in Q1 FY25. Of this, domestic sales stood at 4,30,889 units (down 4.5% YoY), while exports rose 37.4% to 96,972 units. Within the domestic portfolio, the Mini + Compact segments accounted for 45.6% of sales but declined 10.6% YoY. Utility Vehicles (UVs) held steady, falling just 0.8% YoY, and contributed 37.6% to the overall domestic mix. Maruti Suzuki India is engaged in the manufacture, purchase, and sale of motor vehicles, components, and spare parts (automobiles). Shares of Maruti Suzuki rose 0.10% to settle at Rs 12634.45 on the BSE today.
Time of India
7 hours ago
- Automotive
- Time of India
Maruti Suzuki expands business scope with major overhaul of Memorandum of Association
Maruti Suzuki India Ltd (MSIL), the country's largest carmaker, has undertaken a significant overhaul of its Memorandum of Association (MoA), signalling a broader push into emerging areas of mobility and sustainability. The company's Board of Directors approved multiple amendments to the Object Clause during its meeting held on Thursday. The changes reflect Maruti Suzuki's intent to diversify its operations beyond traditional automotive manufacturing . The revised MoA expands the company's definition of core business to include not only conventional automobiles but also drones, unmanned aerial vehicles (UAVs), amphibious and alternative propulsion vehicles, and their associated technologies and components. New and broader horizons In a clear move towards becoming a comprehensive mobility solutions provider, the company has now included in its scope the operation of subscription-based models, shared mobility services, last-mile connectivity, and vehicle leasing. This expansion also includes permission to buy, sell, refurbish, certify and auction used vehicles through digital, physical, or hybrid platforms, strengthening its presence in the pre-owned vehicle ecosystem. Maruti Suzuki is also preparing to deepen its involvement in the electric mobility space. It will now be allowed to set up electric vehicle charging stations, battery swapping infrastructure and engage in the production and trading of alternative fuels like Compressed Biogas and Hydrogen. Aligning with sustainability initiatives As part of its sustainability initiatives, the company has added new provisions enabling it to participate in carbon trading, monetisation of renewable energy certificates, and offer consultancy services in this space. Further, the MoA now permits Maruti Suzuki to engage in the recycling of end-of-life vehicles and industrial scrap, enabling a circular economy approach. Additionally, the company can now offer a range of consulting and technical services, including R&D, certification, testing, warehousing, and IT services, to third parties and government agencies.
Time of India
12 hours ago
- Automotive
- Time of India
Maruti Suzuki to expand beyond cars: Board clears MoA changes for drones, EVs & more
Maruti Suzuki India Ltd (MSIL) on Thursday said its board has approved alterations to the Object Clause of its Memorandum of Association (MoA) to expand its business scope beyond automobile manufacturing . In a filing to the NSE and BSE, the company said the changes were cleared at the board meeting held on July 31, 2025, and will be placed before shareholders for approval at the upcoming AGM on August 28, 2025. Explore courses from Top Institutes in Please select course: Select a Course Category Cybersecurity Design Thinking Data Analytics Project Management Product Management Finance Others others CXO Management Data Science Artificial Intelligence Leadership MCA Digital Marketing Technology Data Science PGDM Healthcare Degree Operations Management Public Policy MBA healthcare Skills you'll gain: Duration: 10 Months MIT xPRO CERT-MIT xPRO PGC in Cybersecurity Starts on undefined Get Details The revised clause broadens MSIL's mandate to include manufacturing of drones , unmanned aerial vehicles (UAVs), and unmanned aircraft systems (UAS), along with new-age technologies related to propulsion and control systems. It also allows the company to venture into mobility services such as vehicle leasing, subscription, shared mobility, used car sales, EV charging infrastructure, hydrogen and biogas trading, carbon credit monetization, and end-of-life vehicle recycling. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Indonesia: Bathroom Remodeling Trends in 2025 May Surprise You Bathroom Remodeling | Search Ads Search Now Undo The company plans to offer consulting, R&D, logistics, and supply chain services, alongside facilities for vehicle testing and certification. The move reflects company's push to diversify into emerging mobility solutions and sustainable technologies in line with industry trends.
Time of India
6 days ago
- Automotive
- Time of India
Maruti Suzuki makes six airbags standard in Fronx; hikes prices by 0.5%
Maruti Suzuki India Ltd (MSIL) on Thursday announced the standardisation of six airbags across all variants of its compact SUV, the Fronx, effective immediately. The move post announcing six airbags for XL6, disclosed through a filing on the Bombay Stock Exchange (BSE), will result in an average price increase of 0.5 per cent across the model range. The safety update comes as part of the company's broader push to enhance occupant protection in its vehicles, aligning with growing consumer expectations and upcoming regulatory discussions around vehicle safety norms. Fronx has also become the fastest SUV from India to export 1 lakh units, achieving the feat in just 25 months since its debut. It is exported to markets in Latin America, the Middle East, and Africa. With the price revision in effect from July 25, 2025, updated prices for the Fronx are expected to reflect in dealer showrooms across the country.
