{
  "id": 17029029,
  "title": "Hyundai Stock Jumps Over 5% Despite 24% Fall In Q2 Profit",
  "url": "https://urgent.news/2026/10/29/hyundai-stock-jumps-over-5-despite-24-fall-in-q2-profit",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-29T07:24:18.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/hyundai-stock-jumps-over-5-despite-24-fall-in-q2-profit"
  },
  "original_language": "en",
  "account": "On Thursday, Hyundai Motor India's shares surged more than 5% in early trading, despite a significant drop in second-quarter profits, as different brokerages held varying perspectives on the automaker's growth outlook. The stock climbed 5.4% to ₹1,968.50, elevating the company's market capitalization to around ₹1.6 lakh crore. However, Hyundai shares continued to lag, being 14.8% lower in 2026 as compared to the 13.2% decline in the benchmark Nifty 50 index.\n\nDespite the profit recovery, Hyundai Motor India's Q2 consolidated net profit plummeted to ₹1,196.16 crore, while revenue surged by 18.5% to ₹20,696 crore, marking its first time crossing the ₹20,000 crore quarterly threshold. Profit fell by 23.9% year-on-year, compared to ₹1,572 crore in the same period last year. Higher operating costs, which saw total expenses rise by 24% and material costs increase by 29%, weighed on profitability. Earnings before interest, taxes, depreciation, and amortization (EBITDA) fell by 18.7% to ₹1,974.5 crore, and the operating margin contracted by 440 basis points to 9.5%, signaling pressure from escalating expenditure despite stronger sales.\n\nDomestic vehicle sales rose by 18.82% to 1.66 lakh units, whereas exports climbed by 3.7% to 53,300 units. These figures implied an uptick in demand, although higher costs had a detrimental impact on the company's earnings performance. Brokerages issued contrasting assessments following Hyundai's quarterly results. Morgan Stanley anticipated a recovery in vehicle volumes, operating margins, and market share, expressing optimism about the company's medium-term performance. Meanwhile, Jefferies remained cautious due to intensifying competition in India's sport utility vehicle (SUV) segment. Hyundai Motor India's Managing Director and Chief Executive Officer, Tarun Garg, anticipates business momentum to strengthen during the second half of FY27. The company's growth initiatives include the Bayon, which debuted on Oct 26, and a dedicated mass-market electric vehicle slated for release in the fourth quarter of FY27. These launches are expected to bolster Hyundai's standing in India's competitive passenger vehicle market.",
  "summary": "Hyundai Motor India shares rallied more than 5% in early trading on Thursday despite reporting a sharp decline in second-quarter profits, as brokerages expressed differing views on the automaker's growth outlook. The stock climbed 5.4% to ₹1,968.50, taking the company's market capitalisation to approximately ₹1.6 lakh crore. Despite the recovery, Hyundai shares remained 14.8% lower in 2026,…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}