Mumbai, July 30
Hyundai Motor India on Wednesday reported an 8 per cent year-on-year (YoY) drop in its consolidated net profit for the first quarter ended June 30 (Q1 FY26).
The company posted a profit of Rs 1,369.23 crore, compared to Rs 1,489.65 crore in the same period previous year (Q1 FY25), according to its stock exchange filing.
Revenue from operations declined 5.4 per cent to Rs 16,413 crore in the April–June quarter, down from Rs 17,344 crore a year earlier.
Total income also followed suit and dropped by 5.35 per cent to Rs 16,627.6 crore, compared to Rs 17,567.9 crore in year-ago period.
Following the earnings announcement, Hyundai Motor India’s shares were trading at Rs 2,083.20 apiece on the National Stock Exchange (NSE), down 0.83 per cent from the previous close.
“This strategy helped us to sustain strong EBITDA margin of 13.3 per cent during the quarter, despite tough macro-economic environment,” Kim added.
He stated that “moving forward, we anticipate gradual recovery in domestic demand sentiments, driven by onset of monsoon and festive season coupled with government policy measures, while on the exports front, we are confident to maintain a positive momentum, in line with our growth commitments.”