Earnings Review
Hyundai Motor Jan-Mar PAT falls 22% on year, most in 7 qtrs
This story was originally published at 17:24 IST on 8 May 2026
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--Hyundai Motor Jan-Mar consol net profit INR 12.56 bln
--Analysts saw Hyundai Motor Jan-Mar consol net profit at INR 12.11 bln
--Hyundai Motor Jan-Mar consol revenue INR 189.16 bln
--Analysts saw Hyundai Motor Jan-Mar consol revenue at INR 192.32 bln
--Hyundai Motor Jan-Mar consol PAT INR 12.56 bln vs INR 16.14 bln year ago
--Hyundai Motor Q4 consol revenue 189.16 INR bln vs INR 179.40 bln yr ago
--Hyundai Motor to pay INR 21 per share final dividend
--Hyundai Motor FY26 consol PAT INR 54.32 bln vs INR 56.40 bln year ago
--Hyundai Motor FY26 consol revenue INR 707.63 bln vs INR 691.93 bln yr ago
--Hyundai Motor Jan-Mar consol EBITDA INR 19.66 bln vs INR 25.33 bln year ago
--Hyundai Motor Jan-Mar consol EBITDA margin 10.4% vs 14.1% year ago
--Hyundai Motor: Expect domestic volume growth of 8-10% in FY27
--Hyundai Motor: Expect export volume growth of 8-10% in FY27
--Hyundai Motor: Plan to spend INR 75 bln on capex in FY27
--Hyundai Motor: Expect to deliver EBITDA margin of 11%-14% in FY27
--Hyundai Motor: Expect to launch 2 SUV nameplates in FY27
--Hyundai Motor MD: To up Pune facility capacity by 70,000 units
--Hyundai Motor MD: To up Pune facility capacity post phase-2 expansion
--Hyundai Motor MD: Expect overall capacity to reach 1.14 mln units by 2030
--Hyundai Motor: Expect to add 80,000 unit capacity in phase-2 expansion
By Shruti Nair
MUMBAI – In the March quarter, Hyundai Motor India Ltd. saw the steepest fall in its bottom line in seven quarters. The automaker's bottom line was dragged down by a surge in employee benefits costs and other expenses, which make up 18% of its overall expenditure. However, the company's cost of raw materials consumed rose less than what analysts had expected. The company's top line for the March quarter rose modestly on year but fell short of analysts' expectations.
The company's consolidated bottom line fell over 22% to INR 12.56 billion but exceeded the consensus estimate of INR 12.11 billion. Sequentially, the net profit grew nearly 2%. The company's consolidated sales came at INR 189.16 billion, up a modest 5% from a year ago.
While the growth in the company's total expenses for the reporting quarter outpaced the growth in its total income, in absolute terms the latter was still ahead of expenditure. While the company's total income rose nearly 6% to INR 191.76 billion, its total expenses jumped 10% on year to INR 175.72 billion. The company's other expenses grew 16% on year to INR 23.45 billion. Employee benefit expenses rose 34% on year to 8.06 billion.
For the financial year 2025-26 (Apr-Mar), the company's net profit fell 4% on year to INR 54.32 billion on revenue of INR 693.91 billion, which rose 2% on year. The automaker also announced final dividend of INR 21 per share.
Mirroring the fall in bottom line, the automaker's consolidated earnings before interest, tax, depreciation, and amortisation for the March quarter fell 22% on year to INR 19.66 billion. The company's EBITDA margin for the Jan-Mar quarter fell to 10.4% from 14.1% a year ago.
For FY27, the automaker expects to deliver EBITDA margin of 11-14%. It expects its domestic volume to grow 8-10%, and its exports growing at the same pace.
The automaker plans to spend INR 75 billion on capital expenditure in FY27. It intends to launch two sports utility vehicles under the internal-combustion engine and electric categories in the current financial year. It also expects to add 80,000 units of capacity to its existing Pune plant, which currently has a capacity of 170,000 units. Subsequently, the company will add another 70,000 units of capacity, which will take the total capacity of the plant to 1.14 million units, the company said in its investor presentation.
On Friday, the company released its March quarter earnings towards the close of market hours. Shares of the company closed 1% higher at INR 1,852.80 on the National Stock Exchange. End
Edited by Avishek Dutta
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