Hyundai Motor India (HMIL) reported a 22.2% decline in consolidated net profit for the fourth quarter of FY26, as higher operating expenses weighed on earnings despite steady revenue growth.
According to the company’s regulatory filing, consolidated profit after tax (PAT) stood at ₹1,255.63 crore for the quarter ended March 2026, compared to ₹1,614.35 crore in the corresponding period last year.
However, the company’s revenue from operations increased to ₹18,916.15 crore during the quarter, up from ₹17,940.28 crore in Q4 FY25.
The decline in profitability came as total expenses rose sharply to ₹17,571.66 crore, compared to ₹15,974.46 crore in the year-ago period.
For the full financial year FY26, Hyundai Motor India reported a consolidated PAT of ₹5,431.52 crore, lower than ₹5,640.21 crore in FY25. Annual revenue from operations, however, increased to ₹70,763.33 crore from ₹69,192.89 crore in the previous fiscal year.
Tarun Garg, Managing Director and CEO of Hyundai Motor India, said FY26 was marked by a challenging operating environment, but the company managed to maintain growth through strategic product interventions, export strength, and operational efficiency.
The company also expressed optimism for FY27, stating that it has started the year strongly with 17% year-on-year growth in domestic volumes during April.
Hyundai expects 8–10% growth in domestic sales volumes in FY27, supported by new launches in high demand segments and other strategic initiatives. The company also anticipates similar export volume growth despite ongoing geopolitical uncertainties.
As part of its long-term expansion plans, Hyundai said it will further increase production capacity at its Pune facility by 70,000 units after the Phase-II expansion. This will take the company’s total manufacturing capacity in India to 1.14 million units by 2030.
India continues to remain a key manufacturing and export hub for Hyundai, particularly for emerging markets, as the company strengthens its presence in both domestic and international segments.
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