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Hyundai India Profit Dips Amid Cost Pressures
28 Oct
Summary
- Net profit decreased by 24% to Rs 1,196.2 crore in Q2 FY27.
- Revenue climbed 19% to Rs 20,696.1 crore with record sales.
- Upcoming launches include a mass-market EV in Q4 FY27.
Hyundai Motor India's net profit saw a 24% decrease, settling at Rs 1,196.2 crore for the second quarter of FY27, which concluded on September 30. This decline occurred even as the company achieved record quarterly sales and a 19% revenue jump to Rs 20,696.1 crore.
The company cited increased commodity costs as a primary reason for the dip in profitability. Despite this, Hyundai Motor India recorded its highest-ever quarterly total sales, reaching 219,072 units. Domestic sales grew by 19%, supported by strong rural penetration and a significant contribution from CNG models.
Exports also saw a positive trend, increasing by 4% year-on-year. Looking ahead, Hyundai Motor India is preparing for a significant product cycle, with the launch of the Bayon and a dedicated mass-market electric vehicle (EV) planned for Q4 FY27. The company remains focused on strengthening its market leadership and achieving sustainable growth.
