Key Financial Figures (Consolidated)

Quarterly Performance (₹ Million)

  • Q2 FY27 Revenue: ₹206,961
  • Q2 FY27 EBITDA: ₹19,745 (excludes other income)
  • Q2 FY27 EBITDA Margin: 9.5%
  • Q2 FY27 PAT: ₹11,962

Comparative Quarterly Performance

  • Q1 FY27 Revenue: ₹163,346
  • Q1 FY27 EBITDA: ₹15,117
  • Q1 FY27 EBITDA Margin: 9.3%
  • Q1 FY27 PAT: ₹8,886

Year-over-Year Comparison (Q2)

  • Q2 FY26 Revenue: ₹174,608
  • Q2 FY26 EBITDA: ₹24,289
  • Q2 FY26 EBITDA Margin: 13.9%
  • Q2 FY26 PAT: ₹15,723

Half-Yearly Performance (₹ Million)

  • H1 FY27 Revenue: ₹370,307
  • H1 FY27 EBITDA: ₹34,862
  • H1 FY27 EBITDA Margin: 9.4%
  • H1 FY27 PAT: ₹20,848
  • H1 FY26 Revenue: ₹338,737
  • H1 FY26 EBITDA: ₹46,142
  • H1 FY26 EBITDA Margin: 13.6%
  • H1 FY26 PAT: ₹29,415

Operational Highlights

  • Record Quarterly Total Sales: 219,072 units (15% YoY growth, 23% QoQ growth)
  • Domestic Volumes: Up 19% both YoY and QoQ
  • Rural Penetration: All-time high of 26.6%
  • CNG Contribution: Record 19.1% of sales in the quarter
  • Export Performance: 4% YoY growth and 38% sequential growth despite geo-political challenges
  • Export Definition: Includes both CBU (Completely Built Units) and CKD (Completely Knocked Down) units

Strategic Updates

  • BAYON Launch: Marks the start of HMIL's golden product cycle and has garnered encouraging response
  • Future Product Pipeline: Dedicated mass market EV launch planned for Q4 FY27

Management Commentary

Mr. Tarun Garg, Managing Director & Chief Executive Officer, stated:

  • Q2 FY27 was a milestone quarter with record volumes and revenue exceeding ₹20,000 crore for the first time
  • Elevated commodity costs weighed on quarterly profitability
  • H2 FY27 expected to be a period of accelerated momentum
  • Company remains focused on strengthening leadership across key segments despite macro-economic uncertainties and cost pressures