Mumbai/IBNS, July 31 -- Shares of Hyundai Motor India surged nearly 8 percent in early trade on Friday despite the automaker reporting a 35 percent year-on-year decline in its consolidated net profit for the quarter ended June 30, 2026 (Q1 FY27), media reports said.

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.

The company's quarterly performance was impacted by several headwinds, including:

The company expects:

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