Hyundai India Q2 Results: Net Profit Declines 16% to Rs 1,375 Crore, Revenue Down 7.5% – News18
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Hyundai Motor India’s revenue from operations during July-September 2024 declines 7.5 per cent to Rs 17,260 crore as against Rs 18,660 crore in the year-ago period.
Hyundai Motor India has declared its Q2 results.
Hyundai Motor India Ltd on Tuesday reported a 16 per cent decline in its consolidated net profit to Rs 1,375 crore for the September 2024 quarter, on lower domestic sales and exports. This first quarterly results since’s the company’s listing on exchanges. The auto major’s revenue from operations during July-September 2024 declined 7.5 per cent to Rs 17,260 crore as against Rs 18,660 crore in the year-ago period.
The ‘Creta’ SUV manufacturer had reported a consolidated net profit of Rs 1,628 crore in the corresponding period last year.
Its Ebitda slipped by 10 per cent to Rs 2,205, while margin narrowed by 30 basis points on a year-on-year basis to 12.8 per cent from 13.1 per cent in the year-ago quarter. Ebitda stands for earnings before interest, tax, depreciation and amortisation.
Shares of Hyundai Motor India on Tuesday declined by over 2 per cent to Rs 1,772 apiece on the BSE.
