Hyundai Motor Q2 results: Profit falls 24% as expenses outpace revenue growth; shares gain 1%

Both revenue and net profit fell short of analysts' expectations. A CNBC-TV18 poll had projected revenue of Rs 20,789 crore and net profit of Rs 1,263 crore. Hyundai Motor India's expenses rose faster than revenue, putting pressure on operating margins. Total expenses increased 24 percent year-on-year to Rs 19,302.2 crore, while the cost of materials consumed surged 29 percent to Rs 15,730.9 crore.

Earnings before interest, tax, depreciation and amortisation (EBITDA) declined 18.7 percent to Rs 1,974.5 crore from Rs 2,429 crore a year earlier. The EBITDA margin contracted sharply by 440 basis points to 9.5 percent from 13.9 percent in the year-ago quarter. Hyundai's domestic sales increased 18.82 percent year-on-year to 1.66 lakh units from 1.39 lakh units, while exports rose 3.7 percent to 53,300 units from 51,400 units.

Combined domestic sales and exports grew 14.74 percent to 2.19 lakh units during the quarter, compared with 1.91 lakh units a year earlier. "Q2 FY27 was a milestone quarter for Hyundai Motor India, marked by record volumes and quarterly revenue exceeding Rs 20,000 crore for the first time since our inception. However, elevated commodity costs weighed on the quarter's profitability," the company's Managing Director and Chief Executive Officer Tarun Garg said.

Hyundai Motor outlook: Bayon launch, mass-market EV plans "Looking ahead, we see H2 as a period of accelerated momentum for us. The launch of Bayon marks the onset of our golden product cycle. We are also fully geared up for the launch of dedicated mass market EV in Q4 FY27. While macro-economic uncertainties and cost pressures persist, we remain focussed on strengthening our leadership across key segments, delivering sustainable growth and profitability," Garg added.

Hyundai launched the Bayon on October 26 at an ex-showroom price of Rs 10 lakh to Rs 18 lakh. The Bayon is the company's second mid-size SUV in its current portfolio after the segment-leading Creta. Hyundai Motor India shares ended 1 percent higher at Rs 1,879.90 on Wednesday, valuing the company at approximately Rs 1.53 lakh crore. Despite Wednesday's gains, the stock has declined 18.7 percent so far in 2026, underperforming the benchmark Nifty 50 index, which has fallen 13.2 percent during the same period.