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EquityWireEarnings Review: Hyundai Motor Q2 top line misses view, up 1% on weak sales
Earnings Review

Hyundai Motor Q2 top line misses view, up 1% on weak sales

This story was originally published at 16:37 IST on 30 October 2025
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Informist, Thursday, Oct. 30, 2025

 

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--Hyundai Motor Jul-Sept consol net profit INR 15.72 bln
--Analysts saw Hyundai Motor Jul-Sept consol net profit at INR 15.01 bln
--Hyundai Motor Jul-Sept consol revenue INR 174.61 bln
--Analysts saw Hyundai Motor Jul-Sept consol revenue at INR 175.25 bln
--Hyundai Motor Jul-Sept consol PAT INR 15.72 bln vs INR 13.75 bln year ago
--Hyundai Motor Jul-Sept consol revenue INR 174.61 bln vs INR 172.60 bln
--Hyundai Motor Apr-Sept consol PAT INR 29.41 bln vs INR 28.65 bln year ago
--Hyundai Motor Apr-Sept consol revenue INR 338.74 bln vs INR 346.05 bln
--Hyundai Motor Jul-Sept consol EBITDA INR 24.29 bln vs INR 22.05 bln yr ago
--Hyundai Motor Jul-Sept consol EBITDA margin 13.9% vs 12.8% year ago
--Hyundai Motor Q2 consol EBITDA margin up YoY on favourable pdt, export mix
--Hyundai Motor: Aim to keep pace with industry's growth momentum in H2
--Hyundai Motor hatchback volume mix 16% in Jul-Sept vs 20% year ago
--Hyundai Motor Jul-Sept consol EBIT INR 19.11 bln vs INR 16.87 bln year ago
--Hyundai Motor consol export revenue mix 27.9% in Jul-Sept vs 21.8% yr ago
--Hyundai Motor consol domestic revenue mix 72.1% in Q2 vs 78.2% yr ago

 

By Anand JC

 

MUMBAI – Hyundai Motor India Ltd. reported a low single-digit on-year growth in its top line for the September quarter, helped primarily by moderate exports-led growth in car despatches during the period. The company's net profit grew year on year for the first time in five quarters, based on data available with Informist.

 

The Creta-maker reported a consolidated net profit of INR 15.72 billion for the September quarter, up 14% on year. Analysts had projected a bottom line of INR 15.01 billion for Hyundai Motor for the quarter under review.

 

Hyundai Motor's revenue for the reporting quarter was INR 174.61 billion, up just over 1% on year. Consensus estimates had pegged the company's top line for the quarter at INR 175.25 billion.

 

Hyundai Motor's consolidated earnings before interest, tax, depreciation, and amortisation were INR 24.29 billion, up 10% on year. The EBITDA margin for the reporting quarter increased 113 basis points on year to 13.9?cause of favourable product and export mix and cost optimisation efforts, the company said in a press release.

 

The contribution of higher-priced sport utility vehicles to overall sales increased 2% on year to 71% during the September quarter while the contribution of hatchbacks fell to 16% from 20% a year ago. Overall, Hyundai Motor sold 190,921 units in the reporting quarter, slightly lower on year. Its domestic sales fell nearly 7% on year but exports continued their good performance and rose nearly 22% on year.

 

"The transformative GST (goods and services tax) reforms have acted as a catalyst and, looking ahead, we aim to keep pace with the industry's growth momentum for the residual part of the year, while our strong export performance is set to surpass targets for FY26," Unsoo Kim, Hyundai Motor's managing director, said in a press release. 

 

Automobile industry lobby group Society of Indian Automobile Manufacturers had predicted a growth rate of around 1-2% in despatches for the current financial year. However, this was before the cut in GST rates. SIAM is yet to rejig its forecast for FY26 but said the growth rate for passenger vehicle sales may return to the historical trend of 6-8% going forward.

 

With demand for cars lagging in India, Hyundai Motor stepped up its export efforts. While the company still earns the bulk of its revenue from cars sold in the country, the share of earnings from exports has been inching up. In Jul-Sept, Hyundai Motor earned 72.1% of its top line from the domestic market, down from 72.4% in the June quarter and 78.2% a year ago. In the same period, the company's sales from export business contributed 27.9% to its consolidated top line, up from 27.6% in the June quarter and 21.8% in the September quarter last year.


Hyundai Motor's expenses fell slightly on year to INR 155.66 billion for the September quarter. Cost of raw materials, which accounts for nearly 80% of the carmaker's overall expenses, fell nearly 8% on year to INR 121.83 billion. However, its other expenses grew 9% on year to INR 21.65 billion. For Jul-Sept, the company's EBIT grew 13% on year to INR 19.11 billion and the EBIT margin increased to 10.9% from 9.8% in the year-ago quarter.  

 

Hyundai Motor's bottom line for the first six months of the current financial year grew nearly 3% from a year ago to INR 29.41 billion. Revenue during this period fell 2.1% from a year ago to INR 338.74 billion. 

 

The company disclosed its September quarter earnings during market hours. Thursday, its shares closed 2.4% higher on the National Stock Exchange at INR 2,413.70.  End

 

Edited by Rajeev Pai

 

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Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

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