Hyundai motor India share price: Hyundai Motor India’s net profit has increased by about 6% compared to last year…
highlights
- Hyundai Motor recorded highest monthly sales in India in January’26 with 73,137 units.
- Hyundai Motor India Limited (HMIL) recorded its highest ever monthly domestic sales of 59,107 units in January 2026.
- This is an increase of 9.5% on an annual basis.
Hyundai Motor India has released its financial results for Q3FY26. The company’s net profit has increased by about 6% over the last year at Rs 1,234 crore compared to Rs 1,160 crore in Q3FY25. After listing, shares of Hyundai Motor India have gone up by about 22 percent in the last one year.
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Goldman Sachs has maintained its ‘buy’ rating on Hyundai Motor India, but reduced the target to Rs 2,650. The reasons behind this are stable revenues, cost pressure due to lower margins, reduction in discounts, better work efficiency of the plant, increasing sales volumes and reduction in marketing costs going forward.
Citi has maintained its ‘buy’ rating on Hyundai Motor India, but reduced the target to Rs 2,500 (earlier Rs 2,700). The reasons behind this are said to be low margins due to cost pressure in the third quarter, strong performance of Venue, increasing sales of Aura as well as exports and new launches.
Motilal Oswal has given buy rating on Hyundai Motor India with a target of Rs 2,567. Looking at our launch pipeline, we now estimate ~7% volume CAGR over FY25-28E, which is largely back-ended, the brokerage said. This is likely to boost exports by 19% volume CAGR. We expect the start-up costs of the new Pune plant to impact earnings in the near-to-medium term. Overall, HMIL is expected to deliver 12% earnings CAGR over FY25-28.
Motilal Oswal believes the company is well positioned to benefit from the premium trend in India as its mix favors SUVs.
Talking about revenue, margins and profitability, for Q3FY26, the company’s revenue grew by almost 8% to Rs 17,973 crore as against Rs 16,648 crore reported in the same quarter last year.
Hyundai Motor India’s EBITDA for the reporting quarter stood at Rs 2,018 crore, compared to Rs 1,875 crore in Q3FY25.
However, the company’s EBITDA margin for Q3FY26 stood at 11.2%, slightly lower than the 11.3% reported in the same quarter last year.
Commenting on the company’s performance, MD & CEO Tarun Garg said that on a year-on-year basis, EBITDA margin improved to 12.8% as against 12.5% ​​last year, driven by efforts to improve sales mix and implement prudent cost control measures. He said that as we move forward, the strong sales figures for January ’26 will give us strong momentum towards a healthy performance in 2026.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice in any way. ET NOW Swadesh recommends its readers and viewers to consult their financial advisors before taking any money-related decisions.
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