Hyundai Motor India Q2 FY26 PAT up 14.3% YoY

Hyundai Motor India Limited (HMIL) reported a robust second-quarter performance for FY26, registering steady growth across key financial metrics. The company’s Profit After Tax (PAT) stood at Rs 15,723 million, marking a 14.3% year-on-year increase, while EBITDA rose 10.1% YoY to Rs  24,289 million, reflecting a strong operating performance.

Total revenue came in at Rs 174,608 million, up 1.2% year-on-year, with the EBITDA margin expanding to 13.9%, an improvement of 113 basis points over the same period last year. The margin gain was supported by a favourable product mix, higher export contribution, and consistent cost-optimisation efforts.

Operationally, HMIL recorded a 5.5% quarter-on-quarter rise in domestic volumes, aided by GST 2.0 reforms and a vibrant festive demand. SUVs continued to drive the brand’s momentum, accounting for 71.1% of domestic sales, while rural markets contributed a record 23.6%. Exports also surged 21.5% year-on-year, representing 27% of the company’s overall sales volumes.

Commenting on the results, Unsoo Kim, Managing Director of Hyundai Motor India Limited, said, “We delivered a strong financial performance for the quarter across key metrics with evident growth in revenue and profitability. The strong EBITDA margins at nearly 14% are a further testament of our ‘Quality of Growth’ strategy, complemented by robust exports and consistent cost optimisation efforts.”

He added that transformative GST reforms have acted as a catalyst for growth, with the company poised to sustain its momentum through FY26 and likely to surpass export targets for the year.

On the Global front, Hyundai Motor Company posted its highest-ever third-quarter revenue, rising 8.8% year-on-year to KRW 46.72 trillion, backed by strong sales in North America and Europe and favourable foreign exchange rates.

Global wholesales stood at 1,038,353 units, marking a 2.6% increase compared with the same period last year. The company’s operating profit was KRW 2.54 trillion, down 29.2% year-on-year, while net profit, including non-controlling interests, declined 20.5% to KRW 2.55 trillion, resulting in an operating margin of 5.4%.

Hyundai’s electrified model sales jumped 25% year-on-year to 252,343 units, led by strong hybrid demand (161,251 units) and higher EV sales in Europe.

Despite the strong quarterly showing, Hyundai Motor India did not disclose its advertising or marketing spends in the financial report. However, with festive demand and export-led growth sustaining momentum, the company appears to be focusing on operational efficiency and product-driven expansion in the near term.