Earnings Review
Hyundai Motor Q1 Profit After Tax plunges for 2nd straight quarter, sales down
This story was originally published at 17:10 IST on 30 July 2026
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--Hyundai Motor Apr-Jun consol net profit INR 8.89 bln
--Analysts saw Hyundai Motor Apr-Jun consol net profit at INR 8.52 bln
--Hyundai Motor Apr-Jun consol revenue INR 163.35 bln
--Analysts saw Hyundai Motor Apr-Jun consol revenue at INR 162.39 bln
--Hyundai Motor Apr-Jun consol PAT INR 8.89 bln vs INR 13.69 bln year ago
--Hyundai Motor Apr-Jun consol revenue INR 163.35 bln vs INR 164.13 bln
--Hyundai Motor Q1 consol EBITDA INR 15.12 bln vs INR 21.85 bln year ago
--Hyundai Motor Apr-Jun consol EBITDA margin 9.3% vs 13.3% year ago
--Hyundai Motor CEO: Recovery likely to gain pace from Q2 across operations
--Hyundai Motor CEO: Apr-Jun was challenging due to multiple headwinds
--Hyundai Motor Apr-Jun consol EBIT INR 9.55 bln vs INR 16.57 bln year ago
--Hyundai Motor Apr-Jun consol EBIT margin 5.8% vs 10.1% year ago
By Shruti Nair
MUMBAI – Hyundai Motor India Ltd.'s consolidated net profit for the June quarter fell sharply on year for the second quarter in a row but still beat the Street's view comfortably. The bottom line was dragged lower as the automaker's total expenses grew on year while the total income fell. The company's revenues for the quarter also fell on year, though to a much lesser extent. The revenue was also higher than what analysts had estimated.
For the June quarter, the automobile manufacturer's consolidated net profit plunged 35% on year to INR 8.89 billion while its revenues fell just 0.5% to INR 163.35 billion. The company's sales fell for the first time in four quarters. While its total income fell marginally on year to INR 166.09 billion, the total expenses grew over 4% to INR 154.07 billion.
Brokerages had pegged the net profit at INR 8.52 billion and the top line at INR 162.39 billion. Analysts had expected the automaker's net profit and revenue from operations for the June quarter to fall as car production and wholesale sales had contracted during this period following a fire at one of its suppliers' units in Tamil Nadu.
In the June quarter, the automaker's cost of materials consumed, which makes up the largest portion of its total expenses, saw an uptick on year to INR 118.95 billion. Other expenses, the second largest contributor to total expenses, jumped 11% on year to INR 22.14 billion. Further, the company's employee expenses jumped 20% on year to INR 7.49 billion.
The automaker's June quarter consolidated earnings before interest, taxes, depreciation, and amortisation plunged 31% on year to INR 15.12 billion. The company's consolidated EBITDA margin contracted to 9.3% from 13.3% in the year-ago quarter. Its consolidated EBIT for the June quarter fell to INR 9.55 billion from INR 16.57 billion while the EBIT margin contracted sharply to 5.8% from 10.1% a year ago.
Commenting on Hyundai Motor's June quarter performance, Chief Executive Officer Tarun Garg said, "Q1 FY27 was a challenging quarter affected by multiple headwinds impacting volumes and profitability." However, he expects a recovery to gather pace from the September quarter onwards across both the domestic and export businesses on the back of normalisation of production, healthy demand environment, and the company's upcoming product pipeline. Garg underscored the company's commitment to achieve the stated guidance of 8-10% year-on-year volume growth for both domestic and export segments as well as 11-14?ITDA margin in FY27.
Thursday, shares of Hyundai Motor India closed at INR 2,018.20 on the National Stock Exchange, up 1.3% from Wednesday. The company declared its earnings towards the end of market hours. End
Edited by Rajeev Pai
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