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Maruti Suzuki posts all-time high Q3 sales of Rs 475,344 million
NEW DELHI: Maruti Suzuki India has posted its strongest-ever quarterly sales, riding a sharp recovery in the passenger vehicle market triggered by recent GST reforms and a renewed surge in demand for small cars.
For the October–December quarter of FY 2025–26, the country’s largest carmaker clocked record domestic sales of 564,669 units, up from 466,993 units a year earlier. The small car segment in the 18 per cent GST bracket accounted for more than two-thirds of the incremental volume, underscoring the price-sensitive revival.
Total sales for the quarter touched an all-time high of 667,769 units, including exports of 103,100 units, compared with 566,213 units in the same period last year.
The volume surge translated into record quarterly net sales of Rs 475,344 million, up from Rs 368,020 million a year ago. Net profit rose modestly to Rs 37,940 million, from Rs 36,593 million, weighed down by a one-time provision of Rs 5,939 million linked to the implementation of new labour codes.
For the nine months ended December 2025, Maruti Suzuki also delivered its highest-ever sales volume, revenue and profit. Total sales reached 1,746,504 units, up from 1,629,631 units a year earlier, with domestic sales at 1,435,945 units and exports at 310,559 units.
Net sales for the nine-month period climbed to Rs 1,242,908 million, from Rs 1,062,589 million, while net profit rose to Rs 108,549 million, compared with Rs 104,403 million in the previous year.
The company also noted that Suzuki Motor Gujarat, its wholly owned manufacturing arm, was amalgamated into Maruti Suzuki India from 1 December, 2025, with financials restarted from 1 April, 2025.
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FSS names Anand Krishnamurthi head of global digital delivery
Tech veteran to drive AI-first, cloud-led transformation in payments globally
CHENNAI: Financial Software and Systems (FSS), an AI-first payment infrastructure company, has appointed Anand Krishnamurthi as head of global digital delivery.
In his new role, Anand Krishnamurthi will lead FSS’s global digital delivery capabilities, focusing on AI-first and cloud-led transformation while ensuring predictable, high-quality outcomes for customers worldwide. He will be based in Chennai and report to V. Balasubramanian, CEO of FSS.
Bringing 28 years of experience in technology and digital transformation across banking, capital markets, financial services, and insurance, Anand has held senior leadership positions at Cognizant and NuSummit. He is recognised for scaling multi-geography delivery teams, leading mission-critical platforms, and embedding AI-driven automation in complex, regulated environments.
“What drew me to FSS is its deep payments expertise, strong product DNA, and the scale at which its platforms power real-world financial ecosystems,” said Anand Krishnamurthi. “I aim to strengthen delivery predictability, execution rigor, and engineering quality, building empowered teams that deliver measurable customer outcomes. FSS has a unique opportunity to create real-time, AI-infused payments infrastructure that is resilient, secure, and globally scalable.”
V. Balasubramanian added, “Anand’s track record in leading multi-geography delivery programs and AI-first operating models makes him the ideal leader for FSS as we accelerate our AI-driven digital payments business. His leadership will help us raise the bar for outcomes globally.”
This appointment is part of FSS’s broader push to build an AI-powered, cloud-native delivery organisation capable of meeting the evolving needs of banks, fintechs, and financial institutions worldwide.
