The automaker posted a net profit of ₹1,255.6 crore for the quarter ended March, down 22.2% from ₹1,614 crore in the year-ago period, but ahead of the CNBC-TV18 poll estimate of ₹1,204 crore.
Revenue from operations rose 8% year-on-year to ₹18,916 crore from ₹17,538 crore, although it came in slightly below Street expectations of ₹19,270 crore.
EBITDA declined 22.4% year-on-year to ₹1,966 crore compared with ₹2,532 crore a year earlier. EBITDA margin contracted sharply to 10.4% from 14.2%, broadly in line with analyst expectations of 10.6%.
Hyundai’s volumes grew 9% year-on-year and 7% sequentially during the quarter, although the company underperformed overall industry growth trends. However, realisations remained stronger than expected, rising around 6% during the quarter against expectations of a modest increase.
The company said it achieved its highest-ever quarterly domestic sales during Q4 FY26, supported by GST 2.0-related tailwinds and product interventions. Rural penetration touched a record 25% during the quarter, while contribution from CNG vehicles rose to an all-time high of 18%.
Exports also remained resilient despite geopolitical challenges, growing 9.4% year-on-year in the quarter and 16.4% for the full financial year.
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Managing Director and Chief Executive Officer Tarun Garg said Hyundai expects domestic volume growth of 8-10% in FY27, backed by new launches and strategic initiatives. The company also announced plans to expand capacity at its Pune facility, taking total annual production capacity to 1.14 million units by 2030.
The board recommended a dividend of ₹21 per share for FY26, subject to shareholder approval.
