{"id":331356,"date":"2026-10-29T10:12:05","date_gmt":"2026-10-29T04:42:05","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=331356"},"modified":"2026-10-29T10:12:05","modified_gmt":"2026-10-29T04:42:05","slug":"bajaj-auto-vs-maruti-suzuki-q2-earnings-race-profit-up-62-percent-against-down-26-percent-and-who-wins","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/bajaj-auto-vs-maruti-suzuki-q2-earnings-race-profit-up-62-percent-against-down-26-percent-and-who-wins\/","title":{"rendered":"Bajaj Auto vs Maruti Suzuki: Q2 Earnings Race, Profit Up 62% Against Down 26%, and Who Wins"},"content":{"rendered":"

In Bajaj Auto vs Maruti Suzuki, the Q2 earnings race is lopsided on growth: Bajaj Auto’s consolidated profit rose 62% to Rs 3,436.10 crore while Maruti Suzuki’s fell 26.4% to Rs 2,466.1 crore, and at 9:46 AM IST on 29 Oct 2026 the shares were Rs 10,379 (down 1.01%) and Rs 11,471 (down 0.93%).<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

In Bajaj Auto vs Maruti Suzuki, Bajaj Auto won the Q2 earnings race on growth: consolidated net profit rose 62% to Rs 3,436.10 crore on revenue up 59% to Rs 25,125.56 crore, while Maruti Suzuki’s consolidated net profit fell 26.4% to Rs 2,466.1 crore even though volumes rose 26.5% to 6,96,654 units. Maruti Suzuki is larger by revenue, about Rs 53,769 crore against Rs 25,126 crore (my calculation from the data provider and company figures), but its EBITDA margin fell to 9.4% from 12.7%. Bajaj Auto trades at 22.47 times earnings and Maruti Suzuki at 27.00 times. This is educational and not a recommendation.<\/p>\n<\/p><\/div>\n

Two-wheelers and cars are different markets, so a head-to-head comparison needs care. This article puts Bajaj Auto vs Maruti Suzuki side by side on profit, revenue, volumes, margins, valuation and chart levels for the September 2026 quarter, explains why growth and profit moved in opposite directions, and flags where the data differ.<\/p>\n

Two flags. The data provider’s Bajaj Auto consolidated figures (revenue Rs 25,676.68 crore, profit Rs 3,384.43 crore) differ from the company’s, and one Bajaj Auto source has a subheading of 41% export growth while its body says 40% and 43.21%. I use the company figures and 40%. I did not retain Maruti Suzuki’s stated reasons for the profit fall, so I do not give one. It is educational and not advice.<\/p>\n

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