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Hyundai India Profit Dips Amid Rising Costs
8 May
Summary
- Hyundai India's Q4 profit decreased by 22.22% YoY.
- Consolidated revenue grew by 5.4% YoY to ₹18,916.2 crore.
- Company plans to invest ₹7,500 crore in new products and plant expansions.
Hyundai Motor India (HMIL) experienced a 22.22% year-on-year decrease in its consolidated net profit for the fourth quarter ending March, settling at ₹1,255.6 crore compared to ₹1,614.3 crore in the previous year. This decline was attributed to elevated commodity prices. However, the company's consolidated revenue for the same period rose by 5.4% to ₹18,916.2 crore.
HMIL achieved its highest-ever quarterly domestic sales in Q4 FY26, with 1,66,578 units sold, an 8.7% increase year-on-year. For the full financial year FY26, consolidated net profit declined by 3.7% to ₹5,431.5 crore, while revenue grew by 2.2% to ₹70,763.3 crore.
Looking ahead to FY27, HMIL anticipates 8-10% volume growth in the domestic market, driven by new product launches and strategic initiatives. The company also forecasts similar growth in exports, despite geopolitical uncertainties. HMIL announced a planned investment of ₹7,500 crore for new products and expansions at its Chennai and Pune facilities. The Board of Directors has recommended a dividend of ₹21 per share.
