Hyundai Motor India reports 8% year-on-year revenue growth in Q3 FY26

Hyundai Motor India delivered a steady performance in the third quarter ended December 31, 2025, with year-on-year growth in revenue and profitability, even as margins softened sequentially due to higher costs.

Revenue from operations in Q3 FY26 rose 8.0% year on year to Rs 17,973.5 crore from Rs 16,648.0 crore in the corresponding quarter last year. On a quarter-on-quarter basis, revenue increased 2.9% from Rs 17,460.8 crore in Q2 FY26, supported by healthy volumes and an improved sales mix.

Total income for the quarter stood at Rs 18,217.1 crore, reflecting a 7.8% YoY increase and a 3.0% QoQ growth.

Profit before tax (PBT) came in at Rs 1,666.0 crore, up 6.6% from Rs 1,562.7 crore in Q3 FY25. However, PBT declined 21.6% sequentially from Rs 2,126.0 crore in Q2 FY26, largely due to higher expenses. Profit after tax (PAT) increased 6.3% year on year to Rs 1,234.4 crore compared with Rs 1,160.7 crore a year ago, while falling 21.5% QoQ from Rs 1,572.3 crore.

Total expenses during the quarter rose to Rs 16,551.1 crore, marking an increase of 7.9% YoY and 6.3% QoQ, driven by higher material costs, employee expenses and other operating expenses.

For the nine months ended December 31, 2025, the company reported revenue from operations of Rs 51,847.2 crore, up 1.2% from Rs 51,252.6 crore in the same period last year. PAT for the nine-month period grew 3.2% year on year to Rs 4,175.9 crore.

Commenting on the performance, Tarun Garg, Managing Director and Chief Executive Officer, Hyundai Motor India, said the quarter reflected the company’s resilience and strong execution of its “Quality of Growth” strategy, with healthy growth in volumes, revenue and profitability. He added that EBITDA margins on a year-to-date basis expanded to 12.8% from 12.5% last year, supported by an improved sales mix and prudent cost controls, while robust January 2026 sales provided strong momentum heading into 2026.