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Maruti Suzuki India Limited, taken apart.

Four panels built from the reported annual accounts, then the rest of the engine. Every figure below is Maruti Suzuki India Limited’s own filing, not an estimate of ours.

Income statement, four years

Read across, not down. Each line is shown for four fiscal years, so the direction matters more than any single column.

Maruti Suzuki India Limited annual income statement, as reported. Columns are fiscal years, most recent first.
LineFY2026FY2025FY2024FY2023
Revenue₹1.77 L Cr₹1.47 L Cr₹1.36 L Cr₹1.14 L Cr
Cost of revenue₹1.39 L Cr₹1.14 L Cr₹1.06 L Cr₹90,482 Cr
Gross profit₹38,022 Cr₹33,838 Cr₹30,872 Cr₹23,283 Cr
Operating expenses₹23,234 Cr₹19,222 Cr₹17,467 Cr₹15,020 Cr
Operating income₹14,788 Cr₹14,615 Cr₹13,406 Cr₹8,263 Cr
Net income₹14,680 Cr₹14,500 Cr₹13,488 Cr₹8,264 Cr
Diluted EPS466.90461.20429.01262.84

Net income and earnings per share moved together (+77.6% and +77.6%), so the share count barely changed over the period.

The rest of the engine

The panels above are built from filings. These run against the live engine.