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.
Operating profit (EBITDA) also fell 6.6 per cent to Rs 2,186 crore from Rs 2,341 crore in the same quarter previous year, while margins slipped to 13.3 per cent from 13.5 per cent.
However, the company's expenses decreased by 5.03 per cent at Rs 14,780.4 crore in quarter under review, compared to Rs 15,564.6 crore in Q1 FY25.
The company’s board has recommended a final dividend of Rs 21 per share, with a face value of Rs 10 each.
The record date for the dividend has been set as August 5, the company stated in its regulatory filing.
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.
Commenting on the financial performance, Unsoo Kim, Managing Director said, “We continued our stated strategy of ‘Quality of Growth’ in the first quarter of FY26 with balance between domestic and exports, market share and profitability.”
“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.”
Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor