Staff Writer
Gurugram: Hyundai Motor India Limited (HMIL) reported a steady set of financial results for the third quarter of FY26, supported by higher volumes, resilient domestic demand and strong export momentum, even as margins came under pressure due to costs linked to capacity stabilisation.
For the quarter ended December 31, 2025, the company posted consolidated revenue of ₹179,735 crore, marking an 8% year-on-year increase from ₹166,480 crore in the same period last year. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 7.6% year on year to ₹20,183 crore, while profit after tax grew 6.3% to ₹12,344 crore.
EBITDA margin for the quarter stood at 11.2%, broadly in line with 11.3% recorded in Q3 FY25 but lower than the 13.9% margin reported in the preceding quarter. The moderation reflected higher costs associated with capacity ramp-up and commodity prices, the company said.
On a nine-month basis, Hyundai Motor India reported revenue of ₹518,472 crore for 9M FY26, marginally higher than ₹512,526 crore in the corresponding period last year. EBITDA for the period rose 3.3% year on year to ₹66,325 crore, while profit after tax increased to ₹41,759 crore from ₹40,259 crore in 9M FY25. Notably, EBITDA margin for the nine-month period expanded to 12.8% from 12.5% a year earlier, aided by an improved sales mix and cost control measures.
Operational performance remained stable during the quarter. Domestic wholesale volumes rose 5% sequentially, supported by festive season demand and the rollout of GST 2.0. Hyundai reaffirmed its leadership in the SUV segment, with the Creta reclaiming its position as India’s best-selling SUV and crossing its highest-ever annual sales milestone of over 200,000 units in calendar year 2025. The newly launched Venue continued to see strong traction, garnering close to 80,000 bookings, with first-time buyers accounting for nearly half of the demand.
Exports emerged as a key growth driver, with volumes rising 21% year on year in Q3 FY26. Exports contributed around 25% to the company’s overall sales mix during the quarter, underlining their increasing importance amid competitive domestic conditions. The company also marked its strategic entry into commercial mobility through its Prime HB and SD taxi offerings.
Commenting on the results, Managing Director and Chief Executive Officer Tarun Garg said the third-quarter performance reflected the company’s focus on “quality of growth,” with balanced expansion in volumes, revenue and profitability. He added that year-to-date margin improvement was driven by a better product mix and prudent cost management, and that strong sales momentum in January 2026 provided confidence heading into the remainder of the fiscal year.
Looking ahead, Hyundai Motor India said it will continue to focus on maintaining growth momentum while managing costs and investments, as it navigates demand trends and capacity expansion in the final quarter of FY26.
