Hyundai Motor India Q2 Results Highlights: Net profit declines 15.5% to ₹1,375 crore, revenue falls 7.5%

Commenting on the Company’s results, Unsoo Kim, Managing Director said, "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."

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.

• Traded volume: 1.91 lakh
• Traded value: ₹34.87 crore
• Total market cap: ₹1,48,313.13 crore
• Free float m-cap: ₹18,218.76 crore

• Current price: ₹1,825.5 (+0.19%)
• Previous close: ₹1,822
• Open: ₹1,826.2
• High: ₹1,842.2
• Low: ₹1,817

• Unsoo Kim, Managing Director
• Gopalakrishnan C S, Whole Time Director
• Tarun Garg, Whole Time Director
• Wangdo Hur, Whole Time Director
• Ajay Tyagi, Independent Director
• John Martin Thompson, Independent Director
• Shalini Puchalapalli, Independent Director
• Sree Kirat Patel, Independent Director

In a stock exchange filing last week, the carmaker informed the bourses that its Board will meet on November 12 to consider and approve the standalone and consolidated financial results for the latest quarter and half-year ended September 30, 2024.

Hyundai Motor India reported its third-highest monthly sales in October 2024, selling 70,078 units, an increase of 2% from 68,728 in the same month last year.

The company's exports also rose 6.7% year-on-year (YoY) in October to 14,510 units compared to 13,600 units a year back. Moreover, the company achieved its highest-ever sales of Sports Utility Vehicles (SUVs) at 37,902 units and the highest-ever sales of its popular Creta SUV at 17,497 units in the domestic markets.

Hyundai India Q2 results: Share price

Shares of Hyundai Motor India are trading 0.2% higher at ₹1,826.1 apiece on the NSE.