Maruti Suzuki FY26 audited results: revenue INR 1,832.661 million, profit INR 144.154 million
RESULTS
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 28 Apr 2026, 02:46 PM IST · BSE ID: 8e5bd84c-bab0-42ee-88f6-6981347ba182
View Original BSE Filing (PDF)
💡
In Simple Terms
Maruti Suzuki posted audited full-year results showing revenue up 20% to INR 1,832.661 million, with profit up less than 1% to INR 144.154 million, and recommended a dividend of INR 140 per share.
🤖 AI Summary
- FY26 revenue INR 1,832.661 million, up 19.9% YoY; profit INR 144.154 million, up 0.8% YoY
- Final dividend recommended INR 140 per share, subject to AGM approval on 31 August 2026
- Record date 7 August 2026; dividend payment date 9 September 2026
- Amalgamation of Suzuki Motor Gujarat Private Limited effective 1 December 2025
- Auditors issued unmodified report; Board approved results on 28 April 2026
🔢 Key Numbers — exact figures from BSE filing, not rounded
Revenue from operations FY26
INR 1,832.661 million
19.9%
Profit for the year FY26
INR 144.154 million
0.8%
Recommended final dividend per share
INR 140
Total dividend aggregation FY26
INR 44,016 million
Total assets as at 31 March 2026
INR 1,467.422 million
Total equity as at 31 March 2026
INR 1,051.098 million
Cash generated from operations
INR 190.631 million
Labour code impact Q3 FY26
INR 5.939 million
🏢 How This Affects the Company
Revenue from automobile operations grew 19.9% to INR 1,832.661 million driven by higher vehicle sales and services revenue. Standalone revenue from operations reached INR 1,832.661 million, expanding market position in passenger vehicles segment.
Profit after tax remained relatively flat at INR 144.154 million despite 19.9% revenue growth, indicating margin compression from INR 142.976 million in FY25. Total assets increased to INR 1,467.422 million from INR 1,291.328 million; equity strengthened to INR 1,051.098 million from INR 944.273 million.
Scheme of Amalgamation with Suzuki Motor Gujarat Private Limited became effective 1 December 2025 after NCLT approval on 6 November 2025, consolidating subsidiary operations from appointed date 1 April 2025.
Government of India labour code changes notified 21 November 2025 created incremental impact of INR 5.939 million in Q3 FY26. Environment Protection End-of-Life Vehicles Rules 2025 impose Extended Producer Responsibility obligations; pricing and measurement framework not yet finalized, making reliable estimation currently impossible.
👥 What This Means For Shareholders
✅
Action Required
Approve dividend at AGM on 31 August 2026; ensure equity shares held in demat on record date 7 August 2026 to receive INR 140 per share dividend paid 9 September 2026.
👤
Who Is Affected
All equity shareholders registered on record date 7 August 2026 receive final dividend of INR 140 per share, aggregating INR 44,016 million. Previous year dividend was INR 135 per share.
🔍
Management Signal
Dividend increase from INR 135 to INR 140 per share indicates confidence in cash generation despite margin pressures; amalgamation completion signals consolidation of subsidiary operations to streamline structure.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
AGM on 31 August 2026 — confirmation of dividend approval and shareholder resolutions outcome
Dividend record date 7 August 2026 — verify demat holdings; payment 9 September 2026
Q1 FY27 results — monitor if margin pressure continues or stabilizes with cost control measures
MEDIUM RISK
Profit growth 0.8% versus revenue growth 19.9% signals margin compression. Unresolved EPR regulatory framework and labour code implementation impacts create forward uncertainty.
💡 Investor Takeaway
FY26 revenue jumped 19.9% to INR 1,832.661 million but profit grew only 0.8% to INR 144.154 million, revealing margin compression from cost inflation. Dividend raised to INR 140 per share. Labour regulations added INR 5.939 million cost in Q3; EPR obligations pending clarification.
⚖️ Strengths & Concerns
✅ Positives
- Revenue growth 19.9% YoY to INR 1,832.661 million demonstrates strong market demand and sales volume expansion in FY26.
- Total equity increased to INR 1,051.098 million from INR 944.273 million; cash generation from operations INR 190.631 million supports balance sheet strength.
⚠️ Concerns
- Profit growth only 0.8% YoY to INR 144.154 million despite 19.9% revenue growth indicates significant margin erosion and cost pressures.
- Cash and cash equivalents declined sharply to INR 633 million from INR 1,802 million; net investing cash outflow INR 116.960 million primarily from debt mutual fund rebalancing.
📅 Company Track Record
FY25 revenue was INR 1,528.679 million with profit INR 142.976 million. FY26 shows revenue acceleration but profit deceleration. Dividend history: FY25 INR 135 per share, FY26 INR 140 per share. Amalgamation of Suzuki Motor Gujarat Private Limited completed 1 December 2025 after NCLT approval 6 November 2025.
Based on publicly available historical data. For context only.