Gurgaon, India – January 28, 2025: Hyundai Motor India Limited (HMIL), one of India's largest automobile manufacturers, has announced its unaudited standalone and consolidated financial results for Q3 FY2024-25. The company reported revenue of ₹1.63 lakh crore and a net profit of ₹11,607 crore. The company also highlighted its recent Initial Public Offering (IPO) and stock split implementation.
Key Financial Highlights – Q3 FY2024-25 (Standalone)
- Revenue from Operations: ₹1,62,415 crore (YoY decline of 2.1% from ₹1,65,903 crore)
- Total Income: ₹1,64,789 crore
- Profit Before Tax (PBT): ₹15,128 crore (YoY decline of 21.2% from ₹19,198 crore)
- Net Profit (PAT): ₹11,240 crore (YoY decline of 19.3% from ₹13,931 crore)
- Earnings Per Share (EPS): ₹13.84 per share.
Nine-Month Performance (April – December 2024) (Standalone)
- Total Revenue: ₹5,00,918 crore (YoY decline of 2.5% from ₹5,14,067 crore)
- Profit Before Tax (PBT): ₹52,598 crore
- Net Profit (PAT): ₹39,096 crore
- Earnings Per Share (EPS): ₹48.12 per share.
Key Financial Highlights – Q3 FY2024-25 (Consolidated)
- Total Revenue: ₹1,66,479 crore (YoY decline of 1.3% from ₹1,68,747 crore)
- Profit Before Tax (PBT): ₹15,627 crore
- Net Profit (PAT): ₹11,607 crore
- Earnings Per Share (EPS): ₹14.29 per share.
Strategic Developments & Key Announcements
- Initial Public Offering (IPO) Completed:
- 14.21 crore shares listed on NSE & BSE on October 22, 2024.
- IPO saw strong investor interest, positioning HMIL as a key listed entity.
- Stock Split Implementation:
- Equity shares split from ₹1,000 per share to ₹10 per share.
- Record date: May 17, 2024.
- Global Expansion & Localization Focus:
- Increased focus on EV production and localized component manufacturing.
- Expanding R&D capabilities through Hyundai Motor India Engineering (HMIE).
Management Commentary
Unsoo Kim, Managing Director, Hyundai Motor India, stated:"Despite a minor revenue dip, Hyundai's strong market presence and focus on future mobility solutions, including EVs and connected vehicles, will drive sustained growth. Our IPO success reflects investor confidence in our vision.".
Market Outlook & Investor Takeaways
- Continued focus on sustainable mobility and EV expansion in India.
- Stable financial performance post-IPO reinforcing investor confidence.
- Strategic global alliances and localization efforts to enhance profitability.