Hyundai Motor India Q3 Results: Net profit drops 18.5% YoY to ₹1,160.7 crore; total income falls 1%

The company had registered a profit of ₹1,425.22 crore in the year-ago period.

Total revenue from operations came in at ₹16,648 crore, down 1.3% against ₹16,874 clocked in the December 2023 quarter.

Total income during the quarter under review stood at ₹16,892.45 crore, down 2.03% YoY. The figure was ₹17,243.56 crore in the year-ago period.

EBITDA margin came in at 11.27% in Q3 FY25 as compared to 12.88% in Q3 FY24. The company said that the decline in margins was mainly due to subdued demand and geo-political factors.

Earnings per share (basic and diluted) decreased to ₹14.29 from ₹17.54 in the corresponding quarter of the previous fiscal year.

Shares of the company at the time of writing this report were trading flat at ₹1640.05 apiece on the BSE, down 0.21%.

In its press release, Hyundai Motor India said that it sold a total of 186,408 units of passenger vehicles during the December quarter.

"This includes 146,022 units in the domestic market with a strong contribution from the SUV segment. The company has achieved its highest-ever CNG penetration during the quarter, reaching an impressive 15%, which was 12% in Q3 of the previous year. During the quarter, the company demonstrated robust growth in rural penetration, reaching 21.2% compared to 19.7% in the same period last year. The export volume stood at 40,386 units," the release added.

Commenting on the company’s results, Unsoo Kim, Managing Director, said, “While the challenges persist in the overall market due to global factors, our business fundamentals remain strong, and we remain confident in our ability to leverage our strengths and actively explore potential opportunities to improve our volumes and profitability.”

Outlook

The automaker said it was confident about its growth trajectory and was committed to driving long-term value for its stakeholders. The company is building a strong EV ecosystem in India, like localisation, charging infrastructure, etc., and along with three more EVs planned in due time, Hyundai Motor India is expected to greatly contribute to India’s EV growth story.