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Informist, Wednesday, Jul. 29, 2026

 

By Anand JC

 

MUMBAI – Hyundai Motor India Ltd. is expected to report a year-on-year fall in its revenue from operations and profit for the June quarter as its car production and wholesale sales contracted due to a fire incident at one of its suppliers' units in Tamil Nadu, according to brokerages tracking the company. Its revenue is expected to get a slight boost from the price hikes it took, but this may be offset by the lower contribution of its sports utility vehicle Creta to the overall sales mix, lower exports, and higher contribution of entry-level vehicles such as Exter, which are priced lower.

 

Hyundai Motor's consolidated net profit for the June quarter is expected to fall almost 38% on year and 32% on quarter to INR 8.52 billion, according to the average of 13 estimates. The highest net profit estimate is of INR 9.66 billion from PhillipCapital (India) Pvt. Ltd. and the lowest is at INR 7.57 billion from Nomura Equity Research.

 

The carmaker's consolidated revenue for the quarter is forecast to decline a little over 1% on year and 14% on quarter to INR 162.39 billion, according to the average of 13 estimates. Projections for Hyundai Motor's top line for the June quarter range between a high of INR 168.23 billion by PhillipCapital and a low of INR 159.66 billion by BofA Securities.

 

A wholly-owned subsidiary of South Korea's Hyundai Motor Co., the company has emerged as a top exporter of cars from India. The company ended the June quarter with a market share of a little less than 11% in the domestic passenger vehicle market, compared to around 13% in the year-ago quarter. Its export share stood at around 17% in the reporting quarter, compared to roughly 24% in the year-ago quarter, according to data from the Society of Indian Automobile Manufacturers.

 

Hyundai Motor sold 178,082 cars in the June quarter, down 1% on year and 15% on quarter. The company's operations in the June quarter were disrupted by a fire incident at the manufacturing facility of its supplier Mobis India Ltd. in Chennai, Tamil Nadu in late May. While operations at Hyundai Motor's Pune and Chennai plant 2 continued normally, its Chennai Plant 1 saw production revert to normalcy only by Jun. 22. The company manufactured 174,245 cars in the June quarter, down around 6% on year.

 

Hyundai Motor had said in June that it expected any loss of production arising due to the incident to be "mostly" recovered within the next quarter. Analysts expect this incident to have likely created a negative operating leverage for the company.

 

Analysts have mixed views on the average selling price of Hyundai Motor's cars for the June quarter, but these projections range between a mild fall and a moderate increase on year. Kotak Securities and ICICI Securities expect a minor on-year fall in the realisation per car sold while Yes Securities has pencilled in a mild increase.

 

Hyundai Motor is expected to report a consolidated earnings before interest, tax, depreciation, and amortisation of INR 15.17 billion, down a shade over 30% on year, according to the average of estimates. The highest estimate for the carmaker's June quarter EBITDA is INR 16.82 billion by Nirmal Bang Equities Pvt. Ltd. and the lowest is INR 13.67 billion by Nomura.

 

The company's consolidated EBITDA margin for the June quarter is expected to fall sharply year-on-year because of rising raw material prices, an unfavourable mix of sales portfolio, and lower production. Nirmal Bang expects Hyundai Motor's EBITDA margin to fall 290 basis points on year while Asit C. Mehta Financial Services Ltd. has forecast a much sharper fall of 405 bps. The Venue maker's EBITDA margin is also expected to be weighed down by ramp-up costs incurred at the company's plant in Talegaon, Pune.

 

The company will report its earnings for the June quarter on Thursday. Wednesday, shares of Hyundai Motor closed 0.5% lower at INR 1,992.90 on the National Stock Exchange. The stock has gained around 7% since the company announced its March quarter earnings on May 8.

 

Of the 12 research reports on the company available with Informist, 10 have a "buy" recommendation on the stock with an average target price of INR 2,266 per share, which is around 14% higher than the stock's current market price. The remaining two recommendations include one "hold" and one "sell".

 

Following are the June earnings estimates for Hyundai Motor from 13 brokerages, in descending order of the estimate of net profit in INR billion:
 

Brokerages	Net sales	Net profit	EBITDA
PhillipCapital (India) Pvt Ltd.	168.23	9.66	16.77
Nirmal Bang Equities Pvt Ltd.	162.51	9.32	16.82
ICICI Securities Ltd.	161.86	9.07	15.86
YES Securities (India) Ltd.	162.50	8.59	15.36
HDFC Securities Ltd.	163.80	8.56	N.A.
Kotak Securities Ltd.	160.43	8.50	15.01
JM Financial Institutional Securities Pvt Ltd.	160.20	8.39	14.71
BofA Securities	159.66	8.31	14.68
Motilal Oswal Financial Services Ltd.	163.64	8.26	14.77
Nuvama Wealth Management Ltd.	161.37	8.23	14.60
Elara Securities (India) Pvt Ltd.	161.61	8.15	14.55
Asit C. Mehta Financial Services Ltd.	164.78	8.12	15.26
Nomura Equity Research	160.51	7.57	13.67
Average	162.39	8.52	15.17

 

End

 

Edited by Himanshi Gupta

 

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