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HL Mando (A204320) investor relations material
HL Mando Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved solid Q1 2026 performance with sales of KRW 2,312 bn, up 1.8% year-over-year, despite a global vehicle market slowdown.
Operating profit rose 18.2% year-over-year to KRW 93.6 bn, with an operating margin of 4.0%.
Growth driven by record sales in India and Europe, improved product mix, and cost reduction measures.
Secured KRW 2.7 tn in new orders, representing 21% of the annual target, with 67% from E-Products.
Financial highlights
Net income increased to KRW 53.1 bn, up 53.2% year-over-year, and up 82.5% sequentially from Q4 2025.
Profit before tax reached KRW 86.0 bn, up 39.5% year-over-year and 52.2% sequentially.
Sales in China and India grew 4.0% and 7.5% year-over-year, respectively; Europe saw a 9.6% increase.
Cost of goods sold remained stable year-over-year, supporting margin improvement.
Outlook and guidance
Anticipates further By-Wire and SDV program wins, leveraging strong references in the U.S. and China.
Continued focus on next-gen chassis validation and technology leadership through winter testing and partnerships.
- Sales rose 2.9% in Q2 2024, but net profit fell sharply on higher tax expenses.A204320
Q2 202423 Feb 2026 - Record 3Q sales and robust new orders offset by a net loss from financial asset valuation.A204320
Q3 202423 Feb 2026 - FY2024 saw robust growth, margin gains, and record new orders, with 2025 guidance signaling further expansion.A204320
Q4 202423 Feb 2026 - Sales up 11.8% YoY, E-product mix drives growth, net income pressured by FX and tax.A204320
Q2 202523 Feb 2026 - Sales up 7.8% YoY, net income down on one-off base, with robust new orders and tech accolades.A204320
Q1 202523 Feb 2026 - Sales and profit rebounded, driven by operational gains and strong EV platform orders.A204320
Q3 202523 Feb 2026 - Sales grew in Q4 2025, but profits fell due to one-off costs; India leads FY26 growth outlook.A204320
Q4 202523 Feb 2026
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