Hyundai Motor India Q2 rises 14.3 pc to Rs 1,572.26 cr

Hyundai Motor India Ltd on Thursday reported a 14.3 per cent rise in consolidated net profit to Rs 1,572.26 crore in the second quarter ended September 30, 2025, riding on robust exports.

The company had posted a consolidated net profit of Rs 1,375.47 crore in the second quarter last fiscal, Hyundai Motor India Ltd (HMIL) said in a regulatory filing.

Consolidated total revenue from operations in the second quarter stood at Rs 17,460.82 crore as against Rs 17,260.38 crore in the year-ago period, it added.

Total expenses in the quarter under review were at Rs 15,566.07 crore compared to Rs 15,602.79 crore in the corresponding period last fiscal, the company said.

In an investor presentation, HMIL said its total vehicle sales in the second quarter were marginally down at 1,90,921 units compared to 1,91,939 units in the year-ago period.

Robust exports helped to sustain overall volumes on a year-on-year basis, it added.

Domestic sales in the second quarter were down 6.8 per cent to 1,39,521 units over 1,49,639 units in the same period last fiscal.

In the quarter, HMIL said it recorded the highest-ever domestic SUV contribution to overall sales at 71.1 per cent.

Exports, on the other hand, grew by 21.5 per cent at 51,400 units in the second quarter as against 42,300 units in the corresponding period a year ago, the company said.

Addressing a conference call, HMIL Managing Director Unsoo Kim said that after the implementation of GST 2.0 reforms, the Indian automobile industry witnessed a strong wave of demand and momentum towards the end of the second quarter.

''This led to a positive shift in customer sentiments, coupled with improvement in affordability, which translated into a remarkable surge in sales in the last week over the quarter, partially offsetting the muted demand amid postponement of buying by the customers,'' he said.

Kim said HMIL's ''domestic sales volumes improved sequentially by nearly 6 per cent, propelled by GST reforms and vibrant, festive boost during the quarter''.

''Rural market continues to be one of the key pillars of our domestic growth strategy. Our focused efforts in terms of channel expansion and deeper market penetration, along with targeted marketing initiatives, are yielding positive outcomes, with rural sales contribution further inched up during the quarter, reaching a record high of nearly 24 per cent,'' Kim noted.

Stating that the transformative GST reforms have acted as a catalyst, he said, ''Looking ahead, we aim to keep pace with the industry's growth momentum for the residual part of the year, while our strong export performance is set to surpass targets for FY26.'' On the export front, he said HMIL continued its robust momentum during the quarter.

''We are witnessing strong demand traction in our key export markets, with the Middle East & Africa recording a remarkable volume growth of 35 per cent and Mexico recorded a growth of 11 per cent,'' he added.

Going forward, Kim said, ''We expect to leverage our new plant (Talegaon) capacity and new product launches to sustain this growth momentum.'' On the outlook, he said, ''On the domestic front, we aim to keep pace with the industry's growth momentum for the residual part of the year, while our strong export performance is set to surpass targets for financial year 2026.'' The company is focused on sustaining growth by leveraging GST-driven optimism, executing our product launch plans effectively and strengthening on-ground efforts to capture emerging opportunities, he noted.