Impacted by material costs increase, the country’s largest passenger vehicles maker, Maruti Suzuki India (MSIL) on Friday reported a consolidated net profit of ₹3,446.9 crore in the first quarter of financial year 2026-27 (Q1 FY27), down 9.1 per cent year-on-year (YoY) as compared with ₹3,792.4 crore in the corresponding period last year.
“Material costs had started to increase in the quarter and were seriously aggravated during the war (West Asia),” MSIL said in a filing to the stock exchanges.
However, consolidated total revenue from operations also rose by 36 per cent YoY to ₹52,468.9 crore for the quarter ended June 30, as compared with ₹38,605.2 crore in the April-June quarter in FY26.
The company said it sold 6,82,724 units of vehicles in the quarter in review, up 29.3 per cent YoY against 5,27,861 units in the first quarter last year.
“Higher sales were possible because the company commissioned its second plant in Kharkhoda. Despite increased sales, the network inventory level at the end of the quarter was only about 13 days,” MSIL said.
MSIL also informed that the board has approved four compressed biogas (CBG) projects in the first phase with a budget of ₹561 crore, and it would consider expansion of CBG manufacturing based on the experience of these projects.
MSIL shares closed at ₹14,239.40 apiece on the BSE on Friday, up 0.36 per cent from the previous close.
Published on July 31, 2026
