The stock climbed as much as 7.7 percent to Rs. 2,173.70 apiece. Minutes after the opening bell, it was trading over 6 percent higher, even as the benchmark Nifty 50 was down 0.03 percent.
Financial performance
Hyundai Motor India reported a consolidated net profit of Rs. 889 crore, down 35 percent from Rs. 1,369 crore in the corresponding quarter last year.
Revenue from operations declined 0.5 percent year-on-year to Rs. 16,334.63 crore.
The company's EBITDA margin fell to 9.3 percent, compared with 13.3 percent in the year-ago period.
Factors behind the weak earnings
The company's quarterly performance was impacted by several headwinds, including:
- Higher steel and commodity prices.
- Production disruptions at its Chennai manufacturing plant.
- Lower export volumes due to geopolitical tensions in the Middle East.
Outlook remains positive
Despite the weaker quarterly earnings, Hyundai retained its FY27 guidance, signalling confidence in a recovery over the rest of the financial year.
The company expects:
- Volume growth for the full year.
- EBITDA margin in the 11–14 percent range.
- Improved performance driven by festive-season launches, including a new mid-size SUV and a Venue-based electric vehicle (EV).
- Continued growth in its CNG portfolio after CNG models accounted for a record 18 percent of quarterly sales.