Hyundai Motor India (HYUNDAI) Q3 25/26 earnings summary

Executive summary

• Achieved Q3 FY26 sales of 195,436 vehicles, up 4.8% YoY, with exports growing 21.1% and CRETA surpassing 200,000 annual units, maintaining SUV leadership in India.

• Launched new models including Prime Taxi range and New Venue, which received nearly 80,000 bookings, and entered commercial mobility, driving growth and diversification.

• Rural sales reached 24% of domestic sales, with retail demand up 16% YoY in December.

• Board approved unaudited financial results, new director appointments, and reclassified Hyundai Motor Investment, INC from promoter group to public.

Financial highlights

• Q3 FY26 consolidated revenue was INR 179,735 million, up 8.0% YoY; EBITDA at INR 20,183 million (11.2% margin), PAT at INR 12,344 million (6.8% margin).

• Nine-month revenue reached INR 518,472 million, EBITDA at INR 66,325 million (12.8% margin), and PAT at INR 41,759 million (7.9% margin).

• Standalone Q3 FY26 revenue was INR 174,527 million, PAT at INR 11,975 million.

• Q3 FY26 ROCE at 8.0%; EPS at ₹15.19.

• Year-on-year growth driven by improved sales mix and cost control despite higher capacity stabilization and commodity costs.

Outlook and guidance

• FY26 expected to close within guided EBITDA margin range of 11%-14%.

• Industry growth for FY27 projected at 5%-6%, with SUVs expected to outpace other segments.

• Management expects continued growth from new launches, export momentum, and strong January 2026 sales.

• Focus on operating efficiencies, disciplined cost management, and leveraging GST tailwinds.