Production constraints and the impact of West Asia conflict had their impact on Hyundai Motor India Ltd (HMIL) as its consolidated net profit plummeted 35% year-on-year (YoY) to ₹888.6 crore in the first quarter (Q1) of FY27, even as it expects recovery from the second quarter (Q2).

Revenues marginally declined to ₹16,335 crore in Q1FY27 from ₹16,413 crore a year ago.

The company said temporary production disruptions limited domestic volume growth in the quarter to 5.4% YoY. Exports were impacted by ongoing West Asia conflict.

Tarun Garg, Managing Director & Chief Executive Officer, HMIL said, “Q1 FY27 was a challenging quarter affected by multiple headwinds impacting volumes and profitability.”

“With 100% normalization of production, coupled with healthy demand environment and upcoming product pipeline, recovery is likely to gain pace from Q2 onwards across both domestic and export businesses,” he said.

“Looking ahead, we remain committed to achieving our stated guidance of 8-10% (YoY) volume growth for both domestic & exports as well as 11-14% EBITDA margin in FY27,” he added.