Hyundai Motor India reported a 24 percent year-on-year decline in consolidated net profit to Rs 1,196.16 crore for Q2 FY27, as elevated cost of raw materials compressed operating profitability.
Consolidated revenue from operations for Q2 FY27 grew 18 percent year on year to a record Rs 20,696.06 crore compared with Rs 17,460.82 crore in the corresponding period of the previous financial year.
Total consolidated income, supported by other income of Rs 223.96 crore, reached Rs 20,920.02 crore against Rs 17,692.03 crore.
Profit was impacted as expenses rose at a faster pace than top-line revenues. Total consolidated expenses for the quarter rose 24 percent to Rs 19,302.18 crore from Rs 15,566.07 crore in the prior-year period. Cost of materials consumed surged 29 percent to Rs 15,730.91 crore compared to Rs 12,183.17 crore in the year-ago quarter.
On a standalone basis, Hyundai Motor India generated revenue from operations of Rs 20,191.02 crore in Q2 FY27, up 18 percent from Rs 17,061.03 crore in Q2 FY26. Standalone total expenses rose to Rs 18,845.27 crore from Rs 15,203.12 crore. Standalone net profit for the quarter fell 24 percent to Rs 1,188.56 crore compared to Rs 1,570.25 crore.
For H1 FY27, consolidated revenue from operations reached Rs 37,030.69 crore, reflecting a 9 percent growth from Rs 33,873.70 crore in H1 FY26. Consolidated net profit for the six-month period declined 29 percent to Rs 2,084.79 crore from Rs 2,941.49 crore.