The company had reported net profit of Rs 1,489.65 crore in the corresponding period of the last financial year. Brokerage firm Normura had estimated the company to report 18% decline in net profit at Rs 1,215 crore in the period under review.
Revenues fell 5% to Rs 16,412.9 crore last quarter, from Rs 17,344.2 crore a year earlier. Despite lower volumes, a richer product mix helped the company increase average selling price to Rs 765,000 (from Rs 760,000 in Q1 FY25).
Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) stood at Rs 2,185.20 crore in the first quarter compared to Rs 2,340.3 crore in Q1FY25. EBITDA margins dipped to 13.3% from 13.5% in the year-ago period.
Unsoo Kim, Managing Director at Hyundai Motor India said, “We continued our stated strategy of “Quality of Growth” in the first quarter of FY 2026 with balance between domestic & exports, market share and profitability. This strategy helped us to sustain strong EBITDA margin of 13.3% during the quarter, despite tough macro economic environment.”
Export volumes rose 13% year-on-year, offsetting subdued domestic growth, which remained under pressure due to ongoing macroeconomic challenges. Within the local market too, consumer demand in rural areas was better than those in urban. Rural contribution to total sales rose to 22.6% during the quarter, as the company expanded into untapped white space opportunities. The company also reported an enhanced CNG share of 15.6%, supported by the rollout of new dual-cylinder technology and fresh CNG variants, contributing to a broader fuel mix strategy.“Moving forward, we anticipate gradual recovery in domestic demand sentiments, driven by onset of monsoon & festive season coupled with government policy measures, while on the exports front, we are confident to maintain a positive momentum, in line with our growth commitments”, Kim added.
On the operational front, Hyundai Motor India announced the commencement of engine production at its Pune manufacturing facility. The unit has capacity to produce 150,000 engines per Anjum which will be utilised to meet domestic demand, for now.
Shares of Hyundai Motor India closed at Rs 2084.95, down by 0.76% on close at BSE.