Q3: Hyundai Motor India posts Rs 16,648 crore in revenue from ops

The Board of Directors of Hyundai Motor India Limited has approved the financial results (Standalone and Consolidated) for the third quarter and 9 months of FY 2024-25. Highlights of 9M (April to December 2024), FY 2024-25 [Consolidated].

According to the company, its revenue from operations stands at Rs 51,252.61 crore. EBITDA margin is at 12.53% as compared to 12.67% of 9M FY2023-24.

The company sold a total of 570,402 units of passenger vehicles during this period. This includes 445,116 units in the domestic market with a strong contribution from the SUV segment. The export volume stood at 125,286 units.

During the period, the company registered Revenue from operations of Rs 51,252.61 crore as against Rs 52,157.91 crore in the corresponding period of the previous year.

The Profit Before Tax (PBT) for 9M of 2024-25 stands at Rs 5,415.95 crore compared to Rs 5,980.26 crore of 9M FY2023-24. While the macro impact on operations was addressed by cost reduction efforts, the PBT was impacted by the change in interest income due to a lower liquidity base. The Net Profit (PAT) for the period stands at Rs 4,025.85 crore compared to Rs 4,382.87 crore of 9M FY2023-24. PAT margins stood at 7.75% during 9M of FY 2024-25.

In Q3 (October to December 2024), FY 2024-25 [Consolidated], its revenue from operations stands at Rs 16,647.99 crore.

EBITDA margin stands at 11.27% in Q3 FY25 as compared to 12.88% in Q3 FY24.

The Company sold a total of 186,408 units of passenger vehicles during this 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 has 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.

During this quarter, the Company registered Revenue from operations of Rs 16,647.99 crore, as against Rs 16,874.71 crore in the corresponding quarter of the previous year. The Profit Before Tax (PBT) for Q3 of 2024-25 stands at Rs 1,562.73 crore compared to Rs 1,959.74 crore of Q3 FY2023-24. The Net Profit (PAT) for the quarter stands at Rs 1,160.73 crore compared to Rs 1,425.22 crore of Q3 FY2023-24. The decline in margins was mainly due to subdued demand & geo-political factors.

The Company has a positive outlook on growing EV penetration in India and is headed towards electrification with a holistic approach.

The Company believes that the newly launched CRETA Electric will drive phenomenal success, build strong momentum and will be a game-changer in the EV landscape. The company is also building a strong EV ecosystem in India like localization, charging infrastructure, etc., and along with 3 more EVs planned in due time, the Company is expected to greatly contribute to India’s EV growth story. Aligned with the aggressive capacity expansion plans from the Pune plant, the company will also be focusing on diversifying their product portfolio. The Company will also look to explore opportunities in alternate eco-friendly powertrains. With access to HMC’s global powertrain technologies like hybrids, hydrogen, flex fuel, etc., the company believes it is well placed to adapt to any change in demand dynamics and regulatory environment.

Commenting on the Company’s results, Mr. 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.”