Hyundai Motor Q2 Results: Hyundai Motor India Ltd on Tuesday reported its earnings for the second quarter of FY25, with a fall in net profit and revenue. This is Hyundai Motor’s first earnings report since listing on Indian stock exchanges.
Hyundai Motor India said its consolidated net profit for the quarter ended September fell 16% to ₹1,375.47 crore from ₹1,628.46 crore in the same quarter last fiscal year, mainly due to weak market sentiments and geo-political factors.
The company’s revenue from operations in Q2FY25 dropped 7.5% to ₹17,260.38 crore from ₹18,659.69 crore, year-on-year (YoY).
Hyundai Motor India sold a total of 1,91,939 units of passenger vehicles during the July-September quarter. The company’s domestic sales fell 5.75% YoY to 1,49,639 units. The export volume stood at 42,300 units.
“Despite the sluggish market conditions, we have successfully maintained profitability in H1 FY 2024-25, largely due to our proactive and continuous cost control measures. Further, we will be launching the CRETA EV for mass market in the coming months and we expect it will be a game changer in the EV market,” said Unsoo Kim, Managing Director, Hyundai Motor India.
At the operating level, the auto major’s earnings before interest, tax, depreciation and amortisation (EBITDA) during the September quarter decreased 10% to ₹2,205 crore from ₹2,441 crore, while EBITDA margin narrowed to 12.8% from 13.1%, YoY.
“In the mid to long term, the company expects a sustained demand momentum in the industry and will continue to focus on quality of growth by maintaining an optimum balance between volume, market share and margins,” Hyundai Motor India said in a release.
At 2:10 PM, Hyundai Motor shares were trading 2.60% lower at ₹1,775.00 apiece on the BSE.
