Quarter Ended: March 2026
Hyundai Motor India Limited – Q4 FY26 Results
NSE
hyundai
BSE
544274
Hyundai Motor India reported stable Q4 FY26 profitability with improved sequential revenue growth, though year-on-year margins remained under pressure due to higher operating and employee costs.
key financial highlights
- Revenue from Operations:
- Revenue (Q4 FY26): ₹1,89,161.50 Million
- QoQ Change: +5.24%
- YoY Change: +5.44%
- Previous Quarter (Q3 FY26): ₹1,79,734.87 Million
- Previous Year (Q4 FY25): ₹1,79,402.77 Million
- Revenue (Q4 FY26): ₹1,89,161.50 Million
- Profit After Tax (PAT):
- PAT (Q4 FY26): ₹12,556.32 Million
- QoQ Change: +1.72%
- YoY Change: -22.22%
- Previous Quarter (Q3 FY26): ₹12,343.99 Million
- Previous Year (Q4 FY25): ₹16,143.45 Million
- PAT (Q4 FY26): ₹12,556.32 Million
- QoQ Performance
- Revenue Trend: Moderate Sequential Improvement
- Profit Trend: Stable Sequential Growth
Margin Analysis
Drivers:
- Employee benefit expenses increased to ₹8,059.49 million.
- Other expenses remained elevated at ₹23,449.24 million.
- Raw material costs continued to remain high.
- Inventory changes negatively impacted margins.
- Finance costs increased sequentially.
Insight:
- Hyundai continues generating healthy revenue and cash flows, but margin expansion remains constrained by operating cost inflation.
Segment insight
Summary:
- Hyundai Motor India continues operating as a large-scale integrated passenger vehicle manufacturer with strong manufacturing infrastructure, premium positioning, and export-linked operations.
Charcateristics:
- Strong domestic automobile brand
- High manufacturing scale
- Strong dealer network
- Export-oriented operations
- Large operating cash flow generation
- Capital-intensive business model
Earning quality check
Drivers:
- Strong operating cash flow generation of ₹73,211.31 million.
- Healthy interest income from deposits.
- Significant cash reserves and bank balances.
- Strong operating profit before working capital adjustments.
- Stable depreciation profile reflects mature manufacturing operations.
Interpretations:
- Despite margin pressure, Hyundai’s earnings quality remains strong due to healthy cash conversion, robust liquidity, and operational scale advantages.
balance sheet Analysis
- Total Assets: ₹3,44,042.58 Million
- Total Liabilities: ₹1,43,892.40 Million
Insight:
- Strong equity base supports future expansion and investments.
- Significant increase in cash and bank balances strengthens liquidity profile.
- Low leverage position enhances financial stability.
key risks
- Raw material cost volatility may continue impacting margins.
- Competitive pricing pressure in passenger vehicle market.
- Demand slowdown risks in automotive sector.
- Foreign exchange fluctuations could affect export realizations.
- Rising employee and operating costs may pressure profitability.
management strategy signals
Focus Area:
- Product portfolio expansion
- Manufacturing efficiency improvement
- EV ecosystem development
- Dealer network strengthening
- Cost optimization initiatives
- Export growth
Financial metrics table
| Particular | Q4 FY26 | Q.O.Q | Y.O.Y |
|---|---|---|---|
| Total Income | ₹1,91,755.31 Million | +5.26% | +5.65% |
| PBT | ₹16,038.68 Million | -3.73% | -25.49% |
| PAT | ₹12,556.32 Million | +1.72% | -22.22% |
Hyundai Motor India delivered a stable Q4 FY26 performance with moderate sequential revenue and profit growth supported by strong operational execution and robust cash generation. However, YoY profitability remained under pressure due to rising operating costs, raw material expenses, and employee-related expenditure.
The company’s strong balance sheet, high liquidity, and dominant market positioning continue to provide long-term stability, though investors may closely monitor future margin recovery and demand trends in the passenger vehicle segment.
Official Exchange Filing: Hyundai Motor India Limited
Quarterly Performance Context
FISCAL YEAR
2025-2026
AUDIT STATUS
REVIEWED