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Hyundai Motor India shares jump after Q1 FY27 results
The automaker reported a 35% year-on-year drop in consolidated profit to ₹888.6 crore for the quarter ended June 30, 2026, but reiterated its FY27 volume and EBITDA margin outlook.
Hyundai Motor India shares rose more than 9% on Friday, July 31, becoming the top gainer on the Nifty 100 after the company released its Q1 FY27 results and management offered a more optimistic view of coming quarters, according to LiveMint Markets.
Despite the rally, Hyundai Motor India posted a 35% year-on-year decline in consolidated profit after tax to ₹888.62 crore for the quarter ended June 30, 2026, versus ₹1,369.23 crore a year earlier. Revenue from operations was ₹16,334.63 crore, slightly below ₹16,412.88 crore in the prior-year quarter, while total expenses rose to ₹15,407.35 crore from ₹14,780.47 crore, the company’s regulatory filing showed.
In comments on the quarter, CEO and Managing Director Tarun Garg said volumes and profitability were pressured by multiple headwinds, but he expects momentum to improve starting in the second quarter. He pointed to full normalization of production, healthy demand conditions, and a robust product pipeline as support for the outlook.
Hyundai reiterated its FY27 guidance for 8% to 10% year-on-year volume growth across domestic and export markets, along with an EBITDA margin of 11% to 14%. Brokerages cited expectations for new model launches and capacity expansion, with Nuvama Institutional Equities raising its target price to ₹2,500 and keeping a Buy rating, and Motilal Oswal Financial Services maintaining a Buy target of ₹2,334, as the stock reacted to the results.