Hyundai Motor India reported a 14.3% year-over-year increase in Profit After Tax (PAT) for Q2 FY26, reaching INR 15,723 Mn. EBITDA stood at 13.9%. Domestic SUV contribution reached a record high of 71.1%. The company also saw strong export momentum, with volumes up 21.5% year-over-year. Revenue for the quarter was INR 174,608 Mn, up 1.2% yoy.
Strong Financial Performance in Q2 FY26
Hyundai Motor India Limited (HMIL) announced its unaudited financial results for Q2 FY26, showcasing robust growth in key financial metrics. The company’s Profit After Tax (PAT) reached INR 15,723 Mn, marking a significant increase of 14.3% compared to the same quarter last year. EBITDA stood at 13.9%, reflecting efficient operational performance.
Key Highlights of Q2 FY26
The company experienced a boost from GST 2.0 reforms and a vibrant festive season, leading to a domestic volume increase of 5.5% on a quarter-on-quarter basis. Notably, domestic SUV contribution reached an all-time high of 71.1%. Hyundai also capitalized on rural market demand, achieving its highest-ever rural contribution at 23.6%.
Export Growth and Revenue
Hyundai Motor India witnessed strong export momentum, with volumes increasing by 21.5% year-over-year. Export contribution accounted for 27% of overall sales volumes, highlighting the company’s global presence. Revenue for Q2 FY26 reached INR 174,608 Mn, reflecting a 1.2% increase compared to the previous year. EBITDA for the quarter stood at INR 24,289 Mn, up by 10.1% year-over-year.
EBITDA Margin and Profitability
The company’s EBITDA margin improved to 13.9%, representing an increase of 113 bps year-over-year. This improvement was driven by a favorable product and export mix, along with effective cost optimization efforts. The strong financial performance underscores Hyundai’s commitment to delivering quality growth and maximizing shareholder value.
Management Commentary
Mr. Unsoo Kim, Managing Director, commented on the results, emphasizing the company’s strong financial performance across key metrics. He highlighted the evident growth in revenue and profitability, noting that the strong EBITDA margins at nearly 14% are a testament to Hyundai’s “Quality of Growth” strategy. This is complemented by robust exports and consistent cost optimization efforts. Mr. Kim also acknowledged that transformative GST reforms have acted as a catalyst, and that the company aims to surpass export targets for FY26.
Source: BSE
