Hyundai Motor India Q1FY27 profit drops 35% as higher costs weigh on earnings
The company reported consolidated revenue from operations of Rs 16,334.63 crore, down 0.5% YoY from Rs 16,412.88 crore in the corresponding quarter last year
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Published: Jul 30, 2026 4:37 PM | 1 min read
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- Hyundai Motor India reported a 35.1% year-on-year decline in consolidated net profit to Rs 888.62 crore for Q2 2026, attributed to higher costs and temporary production disruptions.
- Consolidated revenue from operations decreased by 0.5% year-on-year to Rs 16,334.63 crore, while total income remained relatively flat at Rs 16,609 crore.
- Profit before tax fell 34.9% to Rs 1,201.65 crore, and EBITDA declined 31% to Rs 1,511.7 crore, with the EBITDA margin narrowing to 9.3%.
- The Managing Director noted that the quarter faced challenges, including limited domestic volume growth of 5.4% and a 19.6% decline in exports due to ongoing conflicts in West Asia.
Hyundai Motor India reported a 35.1% year-on-year (YoY) decline in consolidated net profit to Rs 888.62 crore for the quarter ended June 30, 2026, as higher costs and temporary production disruptions weighed on profitability.
The country's second-largest passenger vehicle maker reported consolidated revenue from operations of Rs 16,334.63 crore, down 0.5% YoY from Rs 16,412.88 crore in the corresponding quarter last year. Total income remained largely flat at Rs 16,609 crore, compared with Rs 16,627.68 crore a year earlier.
Profit before tax (PBT) fell 34.9% YoY to Rs 1,201.65 crore from Rs 1,847.20 crore, while EBITDA declined 31% to Rs 1,511.7 crore. The EBITDA margin narrowed to 9.3% from 13.3% in the year-ago period.
Total expenses increased 4.2% YoY to Rs 15,407.35 crore from Rs 14,780.47 crore. Employee benefit expenses rose 20% to Rs 749.02 crore, while other expenses increased 10.6% to Rs 2,213.98 crore. Depreciation and amortisation expenses climbed 5.5% to Rs 557.10 crore, while finance costs rose 10.5% to Rs 27 crore.
Commenting on the results, Tarun Garg, Managing Director and Chief Executive Officer, Hyundai Motor India, said the June quarter was challenging, with multiple headwinds affecting volumes and profitability. He said temporary production disruptions limited domestic volume growth to 5.4% YoY, while exports declined 19.6% amid the ongoing conflict in West Asia.
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