Gurugram – Hyundai Motor India Limited (HMIL) has announced its financial results for the second quarter and the first half of the fiscal year 2024-25, reporting stable profitability despite a dip in revenue due to challenging market conditions.
First Half FY25 Financial Summary
For the period of April to September 2024, Hyundai Motor India achieved consolidated revenue from operations of INR 3,46,046.18 million. Though this marks a slight 1.92% decline from the previous year’s revenue of INR 3,52,832.02 million, the company effectively managed to sustain its profitability. EBITDA margins showed year-over-year growth, rising to 13.14% from last year’s 12.58%.
Passenger vehicle sales reached a total of 3,83,994 units during H1 FY25, with 2,99,094 units sold domestically. SUVs significantly contributed to domestic sales, underscoring the segment’s rising popularity among Indian consumers. Export volumes were also strong, with 84,900 units shipped overseas.
The Profit Before Tax (PBT) for H1 FY25 stood at INR 38,532.29 million, down from INR 40,205.15 million in H1 FY24. Net Profit (PAT) for the period reached INR 28,651.21 million, slightly below last year’s INR 29,576.50 million. Despite lower volumes, Hyundai maintained a healthy PAT margin of 8.2% for H1 FY25.
Second Quarter Highlights
In Q2 FY25 (July to September 2024), Hyundai Motor India recorded a revenue of INR 1,72,603.84 million, a 7.5% decrease compared to Q2 FY24. The EBITDA margin dipped slightly to 12.78% from 13.08% year-over-year.
The quarter saw a total of 1,91,939 units sold, including 1,49,639 units sold domestically and 42,300 units exported. The continued strength of SUV sales contributed to domestic performance, but overall quarterly profits faced headwinds. PBT for Q2 reached INR 18,498.46 million, down from INR 22,320.36 million in the previous year. Net Profit for the quarter was reported at INR 13,754.69 million, compared to INR 16,284.64 million in Q2 FY24.
Strategic Outlook
Looking ahead, HMIL expects industry demand to remain resilient in the medium to long term. The company is committed to balancing volume growth, market share, and profitability. A key component of Hyundai’s future strategy will be its entry into the electric vehicle segment, with the anticipated launch of the Creta EV aimed at making EVs more accessible to the mass market.
Unsoo Kim, Managing Director of HMIL, commented, “Despite a challenging economic environment, Hyundai Motor India has maintained profitability due to our proactive cost control measures. The upcoming launch of the Creta EV represents a strategic milestone, and we anticipate it will significantly strengthen our position in the electric vehicle market.”
Hyundai’s balanced approach to growth and innovation positions it well to navigate industry shifts and meet evolving customer preferences in India and abroad.
