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 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 faced a challenging third quarter with lower-than-expected profit due to higher discounts and weak sales in the small car segment. Despite a 12.6% rise in standalone profit, the automaker missed analysts’ expectations.

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.

Maruti Suzuki India Ltd., the dominant player in India’s automotive market, reported a quarterly profit that fell short of expectations, revealing the challenges the company faces from escalating raw material costs.

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

Maruti Suzuki India Ltd. 532500 shares rallied 1.10% to 12,122.90 Indian rupees Tuesday, on what proved to be an all-around positive trading session for the stock market, with the BSE SENSEX Index 1 rising 0.