Maruti Suzuki, India's top carmaker by volumes, missed third-quarter profit expectations on Wednesday, hurt by higher discounts and a dip in small car sales. Following two years of rapid growth, Indian automakers faced pressure throughout much of 2024 due to weak demand for new cars and rising costs,

Maruti's Earnings Before Interest, Tax, Depreciation and Amortisation increased by 14% from the year-ago period to ₹4,470 crore, while margin stood at 11.6% from 11.7% last year. While the EBITDA figure was in-line,

Maruti Suzuki India Ltd has released its third quarter results for the financial year 2024-25 on January 29, 2025.

The automobile major reported a double-digit rise in profit figure as sales volume rose 13% in the quarter ending December

Shares of Maruti Suzuki India Ltd gained approximately 1.5% as the auto giant prepares to announce its Q3 FY 2024-25 financial results later today.

Maruti Suzuki India's net profit reached INR 3,727 crore in the third quarter. This represents a significant increase compared to the INR 3,207 crore profit reported in the third quarter of the previous year.

Maruti's Q3 profitability was well maintained, despite pressure from higher discounts and marketing spends, with EBITDA margin decline quarter-on-quarter contained at 26 basis points to 11.6%, compared to 150 basis points decline seen at peer Hyundai.

Maruti Suzuki India Ltd., India’s largest carmaker by market share, posted a lower-than-expected quarterly profit squeezed by higher raw material prices. Shares fell.