Consolidated operating profit hit a record high of 2.98 trillion won (2.27 billion U.S. dollars) in the April-June quarter, up 58 percent from the same quarter of last year.
It topped the previous high of 2.54 trillion won (1.9 billion U.S. dollars) tallied in the second quarter of 2012, beating market expectations of about 2.4 trillion won (1.8 billion U.S. dollars).
The carmaker posted an operating profit margin of 8.3 percent in the second quarter, marking the highest in eight years since the second quarter of 2014.
Revenue jumped 18.7 percent from a year earlier to reach a new high of 36 trillion won (27.4 billion U.S. dollars) in the second quarter. The prior record-high revenue was 31 trillion won (23.6 billion U.S. dollars) in the fourth quarter of last year.
Net income, including non-controlling interest, surged 55.6 percent to 3.08 trillion won (2.35 billion U.S. dollars) in the second quarter.
Hyundai's global automotive sale declined 5.3 percent over the year to 976,350 units in the second quarter.
Sales in markets outside of South Korea reduced 4.4 percent to 794,052 units, while sales in the local market shrank 9.2 percent to 182,298 units.
The reduced sales volume stemmed mainly from the ongoing global chip shortage and geopolitical risks in Europe, Hyundai said.
However, the robust sales mix of sport utility vehicles (SUVs), Genesis luxury models and eco-friendly vehicles helped lift the revenue along with a favorable foreign exchange environment.
The won/dollar exchange rate averaged 1,260 won per dollar in the second quarter, up 12.3 percent from the same quarter of last year.
Hyundai's electric vehicle (EV) model sales advanced 49 percent from a year earlier to 53,126 units in the April-June quarter, accounting for 5.4 percent of its total sales volume.
The company expected a gradual recovery from the global chip shortage, but it anticipated external uncertainties to continue, including the supply chain disruption caused by the resurgence of a COVID-19 variant as well as fluctuation in raw materials costs driven by geopolitical risks.
Hyundai also cautioned about currency rate volatility and growing marketing costs coming from the fiercer competition with rival automakers.
Despite the uncertainties, Hyundai maintained its financial guidance for this year's 13-14 percent revenue expansion and the annual consolidated operating profit margin of 5.5-6.5 percent.
The company said it will continue to strengthen its global leadership in electric vehicles with its new IONIQ 6 battery electric vehicle that will be launched in the third quarter.
Latest comments