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Hyundai Motor India reports a 15.5% decline in net profit to INR 1,375.47 crore for Q2 FY25. Revenue also drops 7.5% due to weak market sentiment and global challenges.
In Q2 FY25, Hyundai Motor India reported a net profit of INR 1,375.47 crore, a 15.5% decrease from Q2 FY24's INR 1,628.46 crore. In addition, the company's operating revenue decreased 7.5% to INR 17,260.38 crore from INR 18,659.69 crore in the same period the previous year. Weak market circumstances and worldwide geopolitical problems that affected corporate performance were the main causes of the fall.
Hyundai Motor India reported 3,83,994 vehicle sales for the first half (H1) of FY 2024–25, including 2,99,094 domestic and 84,900 exported vehicles. The SUV market contributed significantly to the increase in domestic sales.
Hyundai's effective cost control was demonstrated by the EBITDA margin, which increased from 12.58% year over year to 13.14% in H1 FY25 despite the decline in sales.
In Q2 FY25, Hyundai Motor India sold:
The SUV segment remained the dominant force driving domestic sales. The company reported a PBT of INR 1,849.85 crore, a decrease from INR 2,232.04 crore in Q2 FY24.
Obstacles and Market Situations
The persistently low market sentiment and geopolitical risks that affected company operations and customer behavior were blamed for the drop in both net profit and revenue.
Although there are financial obstacles, Hyundai Motor India is still hopeful. "We have successfully maintained profitability in H1 FY 2024-25, largely due to our proactive and continuous cost control measures," said Managing Director Unsoo Kim, despite the weak market conditions. In addition, we anticipate that the CRETA EV, which we will be introducing to the general public in the upcoming months, will revolutionize the EV industry.
The company's dedication to innovation and market adaption to strengthen its position in the face of difficulties is reflected in this perspective.
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