FILE PHOTO: The Logo of Hyundai Motor India Limited is seen outside a car showroom, in Ahmedabad, India, October 7, 2024.
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Hyundai Motor India Ltd on Thursday reported a 35 per cent decline in consolidated profit after tax to ₹888.62 crore in the first quarter ended June 30, impacted by lower revenue and higher expenses. The company had posted a consolidated profit after tax (PAT) of ₹1,369.23 crore in the corresponding period of the previous fiscal year, Hyundai Motor India Ltd (HMIL) said in a regulatory filing.Consolidated revenue from operations stood at ₹16,334.63 crore as against ₹16,412.88 crore in the year-ago period, it added.Total expenses were higher at ₹15,407.35 crore as compared to ₹14,780.47 crore in the corresponding period of the previous fiscal year, HMIL said.Commenting on the performance, HMIL MD & CEO Tarun Garg said, “Q1 FY27 was a challenging quarter affected by multiple headwinds impacting volumes and profitability.” With 100 per cent normalisation of production, coupled with healthy demand environment and upcoming product pipeline, recovery is likely to gain pace from Q2 onwards across both domestic and export businesses, he added.Looking ahead, Garg said, “We remain committed to achieving our stated guidance of 8-10 per cent (y-o-y) volume growth for both domestic and exports as well as 11-14 per cent EBITDA margin in FY27.”Published on July 30, 2026
