Mumbai — Hyundai Motor India Limited reported a 35% year-over-year decline in consolidated net profit for the quarter ended June 30 as higher expenses and weaker operating performance pressured earnings.
The automaker posted a net profit of Rs 889 crore in the first quarter of fiscal 2027, down from Rs 1,369 crore in the same period a year earlier, according to a regulatory filing.
Consolidated revenue from operations was largely unchanged at Rs 16,335 crore, compared with Rs 16,413 crore in the year-ago quarter.
Profit before taxes fell 34.9% to Rs 1,201.65 crore from Rs 1,847.20 crore, while basic earnings per share declined to Rs 10.94 from Rs 16.85.
Earnings before interest, taxes, depreciation and amortization dropped 31% to Rs 1,511 crore from Rs 2,186 crore. Hyundai Motor India’s EBITDA margin narrowed to 9.3% from 13.3%.
“Q1 FY27 was a challenging quarter affected by multiple headwinds impacting volumes and profitability,” Managing Director and Chief Executive Officer Tarun Garg said.
“With 100% normalization of production, coupled with a healthy demand environment and upcoming product pipeline, recovery is likely to gain pace from Q2 onward across both domestic and export businesses,” he added.
Total expenses rose 4.2% to Rs 15,407.35 crore from Rs 14,780.47 crore a year earlier.
The cost of materials consumed increased 0.5% to Rs 11,894.76 crore, while employee benefit expenses climbed 20% to Rs 749.02 crore.
Other expenses rose 10.6% to Rs 2,213.98 crore, and depreciation and amortization expenses increased 5.5% to Rs 557.10 crore.
Other income grew 27.7% to Rs 274.37 crore, but the increase was not enough to offset higher costs and subdued revenue.
The company’s profit-before-tax margin narrowed to 7.4% from 11.3% a year earlier, while its net profit margin fell to 5.4% from 8.3%. (Source: IANS)
