Hyundai Motor India Ltd. reported a consolidated net profit decline of over 7% for the quarter ending June of the current fiscal year.
The company's bottom line fell to Rs 1,335.70 crore in the first quarter from Rs 1,447.80 crore in the year ago period, according to an exchange filing on Wednesday.
Hyundai Motors Q1FY26 Highlights (Standalone YoY)
Revenue down 5.8% to Rs 15,791.60 crore versus Rs 16,761.10 crore. (Bloomberg estimate: Rs 16,685.50 crore)
Ebitda down 8.7% to Rs 1,901.50 crore versus Rs 2,083.20 crore. (Bloomberg estimate: Rs 2,004.50 crore)
Margin at 12.0% versus 12.4%. (Bloomberg estimate: 12%)
Net profit down 7.7% to Rs 1,335.70 crore versus Rs 1,447.80 crore. (Bloomberg estimate: Rs 1,168.90 crore)
Hyundai Motor India's rural penetration has surged to 23% of its sales in the current quarter and it is poised to maintain its growth in exports, according to Unsoo Kim, chief executive officer at Hyundai Motor India.
"Expect gradual recovery in industry demand led by good monsoon, festive season and upcoming pay commission." Kim said.
Kim also emphasised that the company is expected to launch 26 products by 2030.
Shares of Hyundai Motor India closed 0.67% lower at Rs 2,086.70 apiece on the NSE.
Out of 25 analysts tracking the company, 21 have a 'buy' rating on the stock, one maintains 'hold' and three recommend 'sell', according to Bloomberg data. The average of 12-month analysts' price targets implies a potential upside of 2.3%.
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