Hyundai Motor India on Wednesday reported a 24 per cent year-on-year decline in consolidated net profit to Rs 1,196.16 crore for the second quarter of FY27, ended September 30, 2026, even as it posted its highest-ever quarterly revenue and sales, the company said in a stock exchange filing.

Source: Autocar Professional

Consolidated revenue from operations grew 18 per cent year-on-year to a record Rs 20,696.06 crore, compared with Rs 17,460.82 crore in the same quarter last year. On a standalone basis, net profit fell 24 per cent to Rs 1,188.56 crore from Rs 1,570.25 crore, while standalone revenue rose 18 per cent to Rs 20,191.02 crore.

Source: The Hindu BusinessLine

Record sales, squeezed margins

The company recorded its highest-ever quarterly total sales of 2,19,072 units, up 15 per cent from 1,90,921 units in Q2 FY26. It said domestic volumes grew 19 per cent both year-on-year and sequentially, rural penetration reached an all-time high of 26.6 per cent, CNG vehicles accounted for a record 19.1 per cent of volumes, and exports grew 4 per cent year-on-year and 38 per cent sequentially despite geopolitical challenges.

Source: Upstox

Rs 1,196.16 croreConsolidated net profit, Q2 FY27 — down 24% year-on-year
Rs 20,696.06 croreConsolidated revenue — a record, up 18% year-on-year
2,19,072 unitsHighest-ever quarterly sales, up 15% year-on-year

Profit was hit because expenses rose faster than revenue. Total consolidated expenses rose 24 per cent to Rs 19,302.18 crore, led by the cost of materials consumed, which surged 29 per cent to Rs 15,730.91 crore from Rs 12,183.17 crore a year earlier. Standalone EBITDA slipped 20 per cent to Rs 1,912 crore and the standalone margin contracted to 9.47 per cent from 13.97 per cent.

"Q2 FY27 was a milestone quarter for HMIL, marked by record volumes and quarterly revenue exceeding Rs 20,000 crore for the first time since our inception. However, elevated commodity costs weighed on the quarter's profitability," Managing Director and Chief Executive Officer Tarun Garg said. He said cost headwinds would continue to challenge profitability, but an improved business outlook, prudent pricing and cost control gave the company confidence for a healthy margin trajectory in the second half, and that it may announce another price hike before its yearly January increase.

For the first half of FY27, consolidated revenue reached Rs 37,030.69 crore, up 9 per cent, while consolidated net profit declined 29 per cent to Rs 2,084.79 crore. Shares of the company were broadly flat in Mumbai trade on Wednesday after the results.