North India Statesman
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Hyundai Motor India’s profits come down to ₹ 1,161 crore
Hyundai Motor India’s consolidated net profit declined by 19% to ₹ 1,161 crore in the December 2024 quarter of the current financial year. The company had a profit of ₹ 1,425 crore in the same period last year. Weakness in domestic sales and exports was a major reason for this decline in profits.
Impact on company shares
On Tuesday, the company’s shares reached a 52-week low of ₹ 1,615.20. However, it closed at ₹ 1,622.75 at the end of the day.
Revenue falls by 1.3%
Hyundai Motor India’s revenue was ₹ 16,648 crore in the December 2024 quarter, which is 1.3% less than the ₹ 16,875 crore in the same period last year. The company’s Ebitda margin also fell to 11.27%, which was 12.88% a year ago.
Fall on quarterly basis
- Hyundai’s profit in the September 2024 quarter was ₹ 1,375 crore, which fell 16% to ₹ 1,161 crore in the December quarter.
- Revenue also declined by 3.5%, which declined to ₹ 16,648 crore against ₹ 17,260 crore in the September quarter.
Sales performance
- The company sold a total of 1,86,408 passenger vehicles in the December quarter.
- Of these, 1,46,022 units were sold in the domestic market.
- The SUV segment contributed significantly to the total sales of the company.
IPO Performance
Hyundai Motor India’s IPO was opened for subscription between 15-17 October 2024.
- The IPO price was fixed at ₹ 1,960 per share.
- It subscribed 2.37 times.
- On 22 October 2024, the company’s shares were listed at ₹ 1,931 on BSE.
