Now Reading: Hyundai Motor India Q1 net profit falls 35%, recovery seen from Q2
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Hyundai Motor India Q1 net profit falls 35%, recovery seen from Q2
Hyundai Motor India Q1 net profit falls 35%, recovery seen from Q2
Hyundai Motor India Ltd's consolidated net profit plunged 35% year-on-year to Rs 888.6 crore in the first quarter of FY27, the company reported. Revenue slipped marginally to Rs 16,335 crore from Rs…
The Story in Brief
Hyundai Motor India Ltd's consolidated net profit plunged 35% year-on-year to Rs 888.6 crore in the first quarter of FY27, the company reported. Revenue slipped marginally to Rs 16,335 crore from Rs 16,413 crore a year ago. Temporary production disruptions limited domestic volume growth to 5.4% YoY. Exports fell 19.6% to 38,708 units, hurt by the West Asia conflict and a fire at supplier Mobis.
MD Tarun Garg said recovery should begin in Q2 as production normalises and new models like the Venue and left-hand-drive Exter enter more markets. The company reaffirmed its full-year guidance of 8-10% volume growth and 11-14% EBITDA margin.
The Indian Opinion
The 35% profit drop is sharp but stems largely from one-off production disruptions and geopolitical headwinds rather than a structural decline. Hyundai's reiteration of its full-year guidance suggests management expects a swift recovery. However, the export recovery is far from assured given continued Middle East instability and tariff uncertainty in Mexico. The key test will be whether Q2 export volumes exceed the 48,000 units recorded in last year's corresponding quarter, as Garg has indicated. That number will reveal whether the rebound is genuine.
Sources (2): thehindu.com, auto.economictimes.indiatimes.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
