Maruti Suzuki Q3 Results Disappoint: Share Price Drops 3.5% Amid Margin Pressure

• Maruti Suzuki's Q3 FY26 results missed street estimates for revenue, EBITDA, and profit, leading to a 3.5% share price drop.
• Profit of ₹3,794 crore was significantly lower than the expected ₹4,563 crore, despite a 4% YoY increase.
• Revenue grew 29% YoY to ₹49,891 crore but fell short of the ₹50,180 crore estimate.
• EBITDA margin declined from 13.1% to 11.2%, impacted by a ₹594 crore additional expense due to the new labor code and other one-off costs like gratuity and long-term compensation.
• Despite strong 18% YoY volume growth and 9% realization increase, increased employee and other expenses burdened overall performance.

Why It Matters: Maruti Suzuki's Q3 results fell short of expectations due to labor code impact and one-off expenses.