HYUNDAI · Automobile and Auto Components
Hyundai Motor India Ltd. reported revenue of ₹16,335 cr for April to June 2026, −0.5% on the year and −13.6% on the quarter. That is in line with how this quarter has grown in recent years (−0.5% on average). Over the last four quarters revenue comes to ₹70,685 cr, +3.6% on the four before.
Operating profit (EBITDA) was ₹1,512 cr, a margin of 9.3%, −406 bps on the year and −114 bps on the quarter. It is the narrowest margin of the last 8 quarters (range 9.3% to 14.1%). Operating costs grew +4.2%, faster than revenue at −0.5%, so operating profit grew less than sales.
Net profit was ₹889 cr, −35.1% on the year and −29.2% on the quarter, with earnings per share of ₹10.94. Profit before other income, one-offs and tax fell 43.1%, so 8 points of the headline growth came from outside the core business. The tax rate of 26% is in line with its recent average. Profit over the last four quarters totals ₹4,951 cr, −10.3% on the four before.
A vehicle maker's revenue is volumes times average price, and its margin moves with steel, aluminium and rubber costs and with the share of exports and premium models. The quarterly statements do not carry volumes, realisation per vehicle and the export share; those come with the filing read.
On earnings per share of ₹60.93 over the last four quarters, the stock at ₹1,987.00 trades at 32.6 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
Operating margin fell sharply on the year. Pricing, input costs, or mix?
EBITDA margin 9.3%, −406 bps on the year (−114 bps on the quarter).
Source: Quarterly statements
Could not run on this quarter: Exceptional items that recur, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹16,875 cr | ₹17,671 cr | ₹17,344 cr | ₹17,260 cr | ₹16,648 cr | ₹17,940 cr | ₹16,413 cr | ₹17,461 cr | ₹17,973 cr | ₹18,916 cr | ₹16,335 cr | ₹20,696 cr |
| YoY | — | — | +4% | −8% | −1% | +2% | −5% | +1% | +8% | +5% | −0% | +19% |
| EBITDA margin | 12.9% | 14.3% | 13.5% | 12.8% | 11.3% | 14.1% | 13.3% | 13.9% | 11.2% | 10.4% | 9.3% | 9.5% |
| Other income, % of PBT | 19% | 15% | 11% | 10% | 16% | 10% | 12% | 11% | 15% | 16% | 23% | 14% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 27% | 26% | 26% | 26% | 26% | 26% | 26% | 26% | 26% | 22% | 26% | 26% |
| Net profit | ₹1,425 cr | ₹1,677 cr | ₹1,490 cr | ₹1,375 cr | ₹1,161 cr | ₹1,614 cr | ₹1,369 cr | ₹1,572 cr | ₹1,234 cr | ₹1,256 cr | ₹889 cr | ₹1,196 cr |
| YoY | — | — | +12% | −16% | −19% | −4% | −8% | +14% | +6% | −22% | −35% | −24% |
| Core profit YoY | — | — | +27% | −10% | −17% | +2% | −8% | +14% | +8% | −32% | −43% | −26% |
| EPS | — | — | ₹18.33 | ₹16.93 | ₹14.29 | ₹19.87 | ₹16.85 | ₹19.35 | ₹15.19 | ₹15.45 | ₹10.94 | ₹14.72 |
| Flags | · | · | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | 1 | 1 | 1 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Hyundai Motor India Ltd. reported revenue of ₹16,335 cr (−0.5% on the year) and net profit of ₹889 cr (−35.1% on the year) for April to June 2026.
Profit before other income, exceptional items and tax moved −43.1% on the year, against −35.1% for reported profit.
1 check raised a question: Operating margin fell sharply on the year. Pricing, input costs, or mix?
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