Maruti Suzuki India Limited (BOM:532500)

Maruti Suzuki India Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Operating Revenue	1,602,129	1,529,130	1,418,582	1,184,099	883,298	703,720
Other Revenue	4,209	-	-	-	-	-
Revenue	1,606,338	1,529,130	1,418,582	1,184,099	883,298	703,720
Revenue Growth (YoY)	10.62%	7.79%	19.80%	34.05%	25.52%	-6.99%
Cost of Revenue	1,156,099	1,089,611	1,010,447	865,715	666,876	513,400
Gross Profit	450,239	439,519	408,135	318,384	216,422	190,320
Selling, General & Admin	94,780	88,161	78,943	67,117	67,745	55,597
Other Operating Expenses	157,916	149,122	141,812	120,052	91,157	80,617
Operating Expenses	314,194	293,365	273,313	235,629	186,792	166,555
Operating Income	136,045	146,154	134,822	82,755	29,630	23,765
Interest Expense	-1,979	-1,942	-1,936	-2,523	-1,266	-840
Interest & Investment Income	4,421	4,421	4,029	3,559	1,776	760
Earnings From Equity Investments	2,418	2,439	2,541	1,774	1,619	1,690
Currency Exchange Gain (Loss)	512	512	-1,117	-	-	479
Other Non Operating Income (Expenses)	3,232	-	-	-	-	-178
EBT Excluding Unusual Items	144,649	151,584	138,339	85,565	31,759	25,676
Gain (Loss) on Sale of Investments	45,289	45,289	36,906	19,088	15,671	28,124
Gain (Loss) on Sale of Assets	-673	-673	-1,000	-271	-458	-590
Pretax Income	189,265	196,200	174,245	104,382	46,972	53,210
Income Tax Expense	41,471	51,198	39,363	21,745	8,177	9,319
Earnings From Continuing Operations	147,794	145,002	134,882	82,637	38,795	43,891
Net Income	147,794	145,002	134,882	82,637	38,795	43,891
Net Income to Common	147,794	145,002	134,882	82,637	38,795	43,891
Net Income Growth	5.41%	7.50%	63.22%	113.01%	-11.61%	-22.67%
Shares Outstanding (Basic)	314	314	314	314	302	302
Shares Outstanding (Diluted)	314	314	314	314	302	302
Shares Change (YoY)	-0.00%	-	-	4.08%	-	-
EPS (Basic)	470.08	461.20	429.01	262.84	128.43	145.30
EPS (Diluted)	470.08	461.20	429.01	262.84	128.43	145.30
EPS Growth	5.41%	7.50%	63.22%	104.66%	-11.61%	-22.67%
Free Cash Flow	42,085	58,859	78,849	29,805	-13,658	67,242
Free Cash Flow Per Share	133.86	187.21	250.79	94.80	-45.21	222.60
Dividend Per Share	-	135.000	125.000	90.000	60.000	45.000
Dividend Growth	-	8.00%	38.89%	50.00%	33.33%	-25.00%
Gross Margin	28.03%	28.74%	28.77%	26.89%	24.50%	27.05%
Operating Margin	8.47%	9.56%	9.50%	6.99%	3.35%	3.38%
Profit Margin	9.20%	9.48%	9.51%	6.98%	4.39%	6.24%
Free Cash Flow Margin	2.62%	3.85%	5.56%	2.52%	-1.55%	9.55%
EBITDA	196,763	201,456	186,970	130,945	57,329	53,909
EBITDA Margin	12.25%	13.18%	13.18%	11.06%	6.49%	7.66%
D&A For EBITDA	60,718	55,302	52,148	48,190	27,699	30,144
EBIT	136,045	146,154	134,822	82,755	29,630	23,765
EBIT Margin	8.47%	9.56%	9.50%	6.99%	3.35%	3.38%
Effective Tax Rate	21.91%	26.10%	22.59%	20.83%	17.41%	17.51%
Revenue as Reported	1,659,792	1,579,352	1,459,517	1,206,746	900,745	733,083
Advertising Expenses	-	17,436	15,593	13,774	9,759	8,299

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.