The shares of Hyundai Motor India Ltd. jumped as high as 5.73% in trade on Thursday, after the automaker posted record sales in the second quarter of fiscal year 2027.
The stock rose to a high of Rs 1,973.50 apiece before paring gains and trading 3.9% higher at Rs 1,939.9 as of 10:02 a.m. on the NSE. This compares to a 0.28% advance in the Nifty index.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
Hyundai Motor India Q2 Results: Record Sales, But Profitability Takes A Hit
Hyundai Motor India reported revenue of Rs 20,696 crore for the September quarter, up 18.5% year-on-year. Standalone net profit declined 23.9% to Rs 1,196 crore, while EBITDA fell 18.7% to Rs 1,974 crore.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
The EBITDA margin contracted to 9.5% from 13.9% a year earlier, as higher commodity costs weighed on operating profitability.
Total quarterly sales reached a record 219,072 units, up 15% year-on-year and 23% sequentially. Domestic volumes rose 19% year-on-year, rural penetration reached a record 26.6%, and CNG contribution hit 19.1%. Exports grew 4% year-on-year and 38% sequentially.
Electric vehicles and new models could help sustain the momentum, but the central challenge remains converting higher sales into stronger earnings.
Brokerage Takes
Morgan Stanley Sees A Sharp H2 Recovery
Morgan Stanley has maintained its Overweight rating with a target price of Rs 2,438. It expects a sharp recovery in second-half FY27 margins, volumes and market share, supported by what it describes as a strong product cycle led by the Bayon and a new electric SUV.
Elara Capital Bets On Market-Share Recovery
Elara Capital has retained its Buy rating but reduced its target price to Rs 2,400 from Rs 2,509. It expects the Bayon launch, a dedicated mass-market EV planned for Q4 FY27, improving capacity utilisation and cost efficiencies to support a recovery.
The brokerage expects EBITDA growth of around 34% year-on-year in H2 FY27, aided by a low base. It also expects second-half margins to move above 12%, consistent with management's full-year margin guidance of around 11%.
Emkay Cuts Target, But Retains Buy
Emkay has retained its Buy rating while cutting its target price by around 12% to Rs 2,300 from Rs 2,600. It expects the Bayon and upcoming electric SUV to strengthen Hyundai's portfolio, with higher-margin exports, Tamil Nadu incentives, price increases and cost reductions helping offset commodity pressures.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
