Maruti Suzuki India Limited (NSE:MARUTI)

Maruti Suzuki India Income Statement

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

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Operating Revenue	1,803,501	1,529,130	1,418,582	1,184,099	883,298
Other Revenue	29,659	-	-	-	-
Revenue	1,833,160	1,529,130	1,418,582	1,184,099	883,298
Revenue Growth (YoY)	19.88%	7.79%	19.80%	34.05%	25.52%
Cost of Revenue	1,322,868	1,089,611	1,010,447	865,715	666,876
Gross Profit	510,292	439,519	408,135	318,384	216,422
Selling, General & Admin	90,497	88,161	78,943	67,117	67,745
Other Operating Expenses	205,233	149,122	141,812	120,052	91,157
Operating Expenses	363,147	293,365	273,313	235,629	186,792
Operating Income	147,145	146,154	134,822	82,755	29,630
Interest Expense	-2,387	-1,942	-1,936	-2,523	-1,266
Interest & Investment Income	-	4,421	4,029	3,559	1,776
Earnings From Equity Investments	2,855	2,439	2,541	1,774	1,619
Currency Exchange Gain (Loss)	-	512	-1,117	-	-
Other Non Operating Income (Expenses)	43,572	-	-	-	-
EBT Excluding Unusual Items	191,185	151,584	138,339	85,565	31,759
Gain (Loss) on Sale of Investments	-	45,289	36,906	19,088	15,671
Gain (Loss) on Sale of Assets	-	-673	-1,000	-271	-458
Pretax Income	191,185	196,200	174,245	104,382	46,972
Income Tax Expense	44,390	51,198	39,363	21,745	8,177
Earnings From Continuing Operations	146,795	145,002	134,882	82,637	38,795
Net Income	146,795	145,002	134,882	82,637	38,795
Net Income to Common	146,795	145,002	134,882	82,637	38,795
Net Income Growth	1.24%	7.50%	63.22%	113.01%	-11.61%
Shares Outstanding (Basic)	314	314	314	314	302
Shares Outstanding (Diluted)	314	314	314	314	302
Shares Change (YoY)	-	-	-	4.08%	-
EPS (Basic)	466.90	461.20	429.01	262.84	128.43
EPS (Diluted)	466.90	461.20	429.01	262.84	128.43
EPS Growth	1.24%	7.50%	63.22%	104.66%	-11.61%
Free Cash Flow	89,772	58,859	78,849	29,805	-13,658
Free Cash Flow Per Share	285.53	187.21	250.79	94.80	-45.21
Dividend Per Share	140.000	135.000	125.000	90.000	60.000
Dividend Growth	3.70%	8.00%	38.89%	50.00%	33.33%
Gross Margin	27.84%	28.74%	28.77%	26.89%	24.50%
Operating Margin	8.03%	9.56%	9.50%	6.99%	3.35%
Profit Margin	8.01%	9.48%	9.51%	6.98%	4.39%
Free Cash Flow Margin	4.90%	3.85%	5.56%	2.52%	-1.55%
EBITDA	214,562	201,456	186,970	130,945	57,329
EBITDA Margin	11.70%	13.18%	13.18%	11.06%	6.49%
D&A For EBITDA	67,417	55,302	52,148	48,190	27,699
EBIT	147,145	146,154	134,822	82,755	29,630
EBIT Margin	8.03%	9.56%	9.50%	6.99%	3.35%
Effective Tax Rate	23.22%	26.10%	22.59%	20.83%	17.41%
Revenue as Reported	1,876,732	1,579,352	1,459,517	1,206,746	900,745
Advertising Expenses	-	17,436	15,593	13,774	9,759

Source: S&P Global Market Intelligence. Standard template. Financial Sources.