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Maruti clocks Rs 4,943 crore Q1 profit on strong sales and margins
MUMBAI: India’s favourite carmaker isn’t just fuelling roads, it’s firing up the financials too. Maruti Suzuki India cruised through the first quarter of FY26 with a consolidated net profit of Rs 37,924 million, accelerating past last year’s Rs 37,597 million.
Total consolidated income hit Rs 404,934 million in the quarter ended 30 June 2025, driven by Rs 386,052 million in revenue from operations marking a healthy bump from Rs 357,794 million a year ago. Other income also revved up to Rs 18,882 million from Rs 10,605 million.
The company’s consolidated profit before tax reached Rs 49,435 million, with a tax outgo of Rs 11,511 million. What truly put Maruti in overdrive was its tight grip on costs. Material consumption stood at Rs 219,368 million, while purchases of stock-in-trade clocked in at Rs 57,038 million. A modest Rs 2,794 million gain from inventory changes also helped balance the books.
Employee costs rose to Rs 20,483 million, and depreciation nudged up to Rs 15,560 million, but overall expense discipline kept total costs at Rs 355,854 million leaving room for a tidy operating margin.
While the company didn’t pull any handbrakes this quarter, its joint ventures and associates chipped in too, contributing Rs 296 million and Rs 59 million respectively.
On a standalone basis, the picture looked equally polished. Standalone profit came in at Rs 37,117 million, up from Rs 36,499 million a year ago, with revenue from operations at Rs 384,136 million. The basic and diluted earnings per share stood at Rs 118.06.
Maruti’s quarterly detour into comprehensive income saw a gain of Rs 3,465 million from re-measurements and fair value adjustments despite a minor speed bump from actuarial losses on pension liabilities.
For a company with Rs 960,827 million in other equity and a paid-up capital of just Rs 1,572 million, Maruti continues to steer shareholder value with turbocharged confidence. If Q1 is any indicator, the full-year drive promises more pit stops of profit.
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UK’s OnlyFans seeks US investor at $3bn valuation after owner’s death
The adult video platform is seeking stability after the death of its billionaire owner
LONDON: OnlyFans is looking for a new partner. The London-based adult video platform is in advanced talks to sell a minority stake of less than 20 per cent to Architect Capital, a San Francisco-based investment firm, in a deal that would value the business at more than $3bn (£2.2bn).
The move is driven by an urgent need for stability. Leonid Radvinsky, the Ukrainian-American billionaire who owned OnlyFans, died of cancer last month at the age of 43, leaving the future of one of Britain’s most profitable privately held businesses suddenly uncertain.
The choice of Architect Capital is not arbitrary. The firm has deep expertise in financial services, which aligns neatly with OnlyFans’ ambitions to offer banking products to its creators, many of whom have long struggled to access basic financial services because of the nature of their work.
The numbers behind OnlyFans are, by any measure, staggering. The platform posted revenues of $1.4bn in the year to 30th November 2024, with a pre-tax profit of $684m, up four per cent on the prior year. Payments to creators totalled $7.2bn over the same period, a rise of nearly ten per cent. Radvinsky personally collected $701m in dividends from the business in 2024 alone, on top of more than $1bn in such payments he had already received. The platform, run through its parent company Felix International, hosts 4.6m creator accounts, with performers keeping 80 per cent of subscription proceeds and the platform pocketing the remaining 20 per cent. It has 377m fan accounts in total.
The current minority stake talks represent a notable scaling back of ambitions. In January, OnlyFans was reported to be in discussions with Architect about selling a majority stake of 60 per cent. Before that, the company had explored a sale to a consortium led by Forest Road Company, a Los Angeles-based investment firm. Neither deal materialised.
OnlyFans has built an enormously lucrative business on content that mainstream finance has long refused to touch. Now, with its owner gone and a $3bn valuation on the table, it is looking for the kind of respectable institutional backing that might finally persuade the banks to take its calls.
