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

Maruti Suzuki , India's top carmaker by volumes, reported a smaller-than-expected third-quarter profit on Wednesday, hurt by higher discounts and a dip in small car sales.

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.

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

Despite strong results, Maruti Suzuki’s stock faced a slight dip, trading at Rs 12,010 on the Bombay Stock Exchange (BSE), down approximately 1.5 per cent from the previous day's close.

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 Suzuki India reported a 12.6 percent year-on-year increase in standalone net profit for the third quarter of fiscal year 2025 at Rs 3,525 crore vis-a-vis Rs 3,130 crore in the same period last year.

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