Hyundai Motor India has announced its financial results for the first half (H1) and second quarter (Q2) of the fiscal year 2024-25. The company reported a net profit of INR 1,375.47 crore for Q2 FY2025, reflecting a 15.5% decline compared to the same period last year. Revenue from operations also fell by 7.5% to INR 17,260.38 crore during the quarter.

In Q2 FY2024, Hyundai Motor India recorded a profit of INR 1,628.46 crore and revenue from operations of INR 18,659.69 crore. The decline in both revenue and profit is attributed to weak market conditions and global geopolitical challenges.

H1 FY25 performance

In the first half of FY 2024-25, Hyundai Motor India sold 3,83,994 passenger vehicles, including 2,99,094 units in the domestic market and 84,900 units exported. SUVs contributed significantly to domestic sales.

The company reported revenue from operations of INR 34,604.62 crore for H1 FY2025, a 1.92% decrease from INR 35,283.20 crore during the same period in FY2024. Profit after tax (PAT) for H1 FY2025 was maintained at 8.2%, despite a slight drop in sales volume. Hyundai’s profit before tax (PBT) for H1 FY2025 stood at INR 3,853.23 crore, down from INR 4,020.52 crore in H1 FY2024. PAT declined to INR 2,865.12 crore from INR 2,957.65 crore in the corresponding period last year.

EBITDA margin improved slightly to 13.14% in H1 FY2025, compared to 12.58% year-on-year, demonstrating the company’s ability to optimize costs amid challenging conditions.

Q2 FY25 performance

In Q2 FY2025, Hyundai Motor India sold 1,91,939 passenger vehicles, with 1,49,639 units sold domestically and 42,300 units exported. The SUV segment remained a key driver of domestic sales.

Revenue from operations in Q2 FY2025 was INR 17,260.38 crore, a 7.5% drop from INR 18,659.69 crore in Q2 FY2024. PBT for Q2 FY2025 stood at INR 1,849.85 crore, down from INR 2,232.04 crore in the same period last year. Net profit for the quarter was INR 1,375.47 crore, compared to INR 1,628.46 crore in Q2 FY2024.

The company attributed the decline in profit and revenue to weak market sentiment and geopolitical factors.

Outlook

Hyundai Motor India remains optimistic despite the challenges. Managing Director Unsoo Kim stated, “Despite the sluggish market conditions, we have successfully maintained profitability in H1 FY 2024-25, largely due to our proactive and continuous cost control measures. Further, we will be launching the CRETA EV for the mass market in the coming months, and we expect it will be a game-changer in the EV market.”