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Hyundai Motor India (HYUNDAI) investor relations material

Hyundai Motor India Q2 25/26 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 25/26 earnings summary30 Oct, 2025

Executive summary

  • Q2 and H1 FY26 saw strong demand momentum, aided by GST 2.0 reforms, festive season, and product launches, driving sequential sales growth and record SUV penetration at 71%.

  • Rural sales reached a record high of nearly 24%, and exports grew 22% year-over-year, with notable growth in Middle East, Africa, and Mexico.

  • The Pune plant commenced operations in October, supporting future growth and new product launches, notably the all-new VENUE.

  • Board approved unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025.

  • Appointment of Mr. Tarun Garg as Managing Director and CEO effective January 1, 2026, subject to shareholder approval.

Financial highlights

  • Q2 FY26 consolidated revenue from operations was INR 174,608 million, up from INR 172,604 million in Q2 FY25; standalone revenue was INR 170,610 million, up from INR 168,762 million.

  • EBITDA rose to INR 24,289 million (13.9% margin) from INR 22,053 million (12.8% margin) year-over-year.

  • PAT was INR 15,723 million (8.9% margin), compared to INR 13,755 million (7.9% margin) last year.

  • H1 FY26 consolidated net profit was INR 29,415 million, up from INR 28,651 million year-over-year.

  • Earnings per share (EPS) for the quarter stood at INR 19.35 (consolidated), compared to INR 16.85 in the prior year.

Outlook and guidance

  • Management expects to maintain industry growth pace domestically and exceed original export guidance (7-8% growth) for FY26.

  • Margin pressure anticipated in the near term due to incremental costs from the new Pune plant, but healthy margins expected as operations ramp up.

  • Product innovation and technology upgrades, including connected and electric vehicles, remain a focus.

  • New VENUE launch on November 4th is expected to drive growth and reduce discounting.

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Frequently asked questions

Hyundai Motor India Limited is a subsidiary of Hyundai Motor Company, engaged in the manufacturing, sales, and distribution of passenger vehicles in India. The company’s product lineup includes hatchbacks, sedans, SUVs, and electric vehicles, catering to diverse consumer needs and preferences. Hyundai Motor India operates an extensive network of dealerships and service centers across the country, providing after-sales support, maintenance, and financing options. The company is headquartered in Gurugram, India.

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