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Hyundai Mobis Reports Operating Profit Up 12.09% in Q2, Despite India Factory Fire and Rising Chip Costs

2026-07-24 02:44:34

Hyundai Mobis-8.30%

According to its Q2 earnings announcement, Hyundai Mobis posted operating profit of 975.2 billion won, up 12.09% year-over-year, on July 24. Sales reached 16.3 trillion won, up 2.44%, marking a record quarterly high. The growth was achieved despite headwinds including a May fire at the company's India parts facility (estimated loss of 24 billion won), reduced finished vehicle production, and rising memory semiconductor costs (approximately 61.5 billion won impact in Q2). The modules and core components division achieved profitability of 21.8 billion won through product mix improvements. The after-sales service division posted operating profit of 923.9 billion won, up 15.1% year-over-year, supported by price increases and favorable currency effects.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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