Results28 Oct 2026 · Wed
HYUNDAIHyundai Motor India
Hyundai Motor India's Q2 profit falls 24% to ₹1,189 crore on record vehicle sales
Hyundai Motor India's September-quarter profit was ₹1,189 crore against ₹1,570 crore a year earlier, Upstox reported, while Kotak Neo put sales at a record 2,19,072 vehicles.
Price, Wednesday's close₹1,879.90▲ 1.00%
Last 5 days
52-week low ₹1,658.0052-week high ₹2,468.00
- Sector
- Passenger vehicles
What happened
- Hyundai Motor India reported net profit of ₹1,189 crore for the September 2026 quarter against ₹1,570 crore a year earlier, down 24%, Upstox reported, on revenue of ₹20,191 crore against ₹17,061 crore, up 18%. Kotak Neo gave profit as ₹1,196.2 crore against ₹1,572.3 crore, down 23.9%, and revenue as ₹20,696.1 crore against ₹17,460.8 crore, up 18.5%. The two outlets' figures differ. Upstox put first-half profit at ₹2,072 crore against ₹2,906 crore, down 29%.
- Upstox put EBITDA at ₹1,912 crore against ₹2,383 crore, down 20%, with the margin at 9.47% against 13.97%; Kotak Neo gave ₹1,974.5 crore against ₹2,428.9 crore and 9.5% against 13.9%. Upstox cited elevated commodity costs and Kotak Neo raw-material cost inflation; Kotak Neo said raw materials took 73.8% of revenue against 70.1%. Kotak Neo gave the closing price as ₹1,866.90, which differs from the Kite close below. Upstox said the margin improved from the June quarter on operating leverage, product mix and cost cuts.
- Kotak Neo gave total sales as 2,19,072 vehicles, up 14.7% and the highest the company has recorded in a quarter, with domestic sales of 1,65,772 (up 18.8%) and exports of 53,300 (up 3.7%). Upstox said CNG vehicles were 19.1% of volumes and rural markets 26.6%, both records.
- Upstox's report is timed at 4:19 PM and Kotak Neo's at 5:27 PM, after the close. The shares closed at ₹1,879.90 against ₹1,861.30 on Tuesday on Kite data, a rise of 1.00% by my calculation.
Why it matters
Good to know: A sequential comparison sets a quarter against the one before it, not against the same quarter a year earlier. A margin can improve sequentially and still be well below last year's.
Key facts
- Net profit, per Upstox
- ₹1,189 crore (₹1,570 crore a year earlier), down 24%
- Revenue, per Upstox
- ₹20,191 crore (₹17,061 crore), up 18%
- EBITDA margin, per Upstox
- 9.47% (13.97%)
- Vehicle sales, per Kotak Neo
- 2,19,072, up 14.7%; domestic 1,65,772; exports 53,300
- Raw material cost, per Kotak Neo
- 73.8% of revenue (70.1%)
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