THIS small-cap power stock hits 10% upper circuit in a weak market; do you own?
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Mint
22 minutes ago
- Mint
Hyundai Motor logs 4th straight profit drop, loses No. 2 sales spot to Mahindra
Hyundai Motor India Ltd (HMIL) recorded a fourth straight year-on-year decline in quarterly profit for the April-June period, hurt by high discounts and losing its second position in domestic sales to closest rival Mahindra and Mahindra Ltd. The Indian subsidiary of Korean giant Hyundai recorded a net profit of ₹ 1,369 crore in the first quarter of the financial year ending March 2026, a drop of 8% compared to the year-ago period, it said in an exchange filing on Wednesday. The company attributed the profit decline to shrinking margins as earnings before interest, tax, depreciation and amortization margin (Ebitda) fell 20 basis points to 13.3%. This margin contraction was on account of elevated discounts of around 3% during the first quarter to stir up demand for cars. Since listing in October 2024, the Gurugram-based Hyundai India has not had a single quarter where its profit has grown. In the previous four quarters, it has seen profits fall in the range of 8% to 19%. Revenue during the quarter fell 5% to ₹ 16,628 crore, with the company's domestic car sales sliding 11% to 132,259 units, trailing Mahindra's 22% increase to 152,067 units. India's largest passenger vehicle manufacturer Maruti Suzuki India Ltd sold 430,889 cars in the country in April-June, 5% less than a year ago. Passenger vehicle sales in the first three months of FY26 fell 1% to 1.01 million units, according to data from Society of Indian Automobile Manufacturers. Shares of Hyundai Motor closed about 0.8% lower at ₹ 2,084.95 apiece on the BSE on Wednesday. In a post-results interaction with the media, the management acknowledged that the demand environment in the country has been tough, hurting its sales. 'Things were quite tough,' chief operating officer Tarun Garg told reporters, before pointing to the tailwinds on the horizon such as interest rates cuts that could stimulate demand and the festive season kicking off soon. Unsoo Kim, managing director at Hyundai Motor India, expects a gradual recovery in demand for cars. 'Moving forward, we anticipate gradual recovery in domestic demand sentiments, driven by onset of monsoon and festive season coupled with government policy measures, while on the exports front, we are confident to maintain a positive momentum, in line with our growth commitments,' Kim said. The management aims to target rural markets, which are likely to revive after plentiful monsoon rains, and salary earners who will benefit from interest rate cuts. Garg noted that in the months ahead, the discounts will not see any significant rise as the company targets sustainable growth. Analysts said that near-term challenges are expected to persist for Hyundai Motor India, but there are reasons to be optimistic. 'Hyundai's margins, while lower YoY, outperform expectations, driven by an improved volume mix and cost optimization initiatives,' Mrunmayee Jogalekar, auto research analyst at Asit C Mehta Investment Intermediates Ltd, said. While the company struggled in the domestic market, its international sales were reasonably good. Hyundai sold 48,140 cars in the global markets, registering a 13% year-on-year rise in the April-June period, and preventing a larger hit to its margins. The company is banking on its plans to launch 26 new models as well as facelifts till 2030 to get into a fast-growth lane. To a question on loss of market share, Garg pointed out that registration data on the government's Vahan portal indicates that the company is gradually getting its ground back. 'In April our market share was 12.6%, in May it was 12.7% and in June it was 12.9%. With two days remaining in July, we are set to cross 13% in the month,' he said. In a report dated 10 July, analysts at Nuvama Institutional Equities noted that new launches by Hyundai ahead will help it make a gradual comeback in terms of market share. 'HMI is gunning for 26 launches by FY30E, including seven–eight new models. Over the next 18 months, we expect a new compact SUV, a micro E-SUV and multiple refreshes, ratcheting up HMI's domestic market share by ~1pp (percentage point) to 15% by FY28E,' Raghunandhan NL, Manav Shah and Rahul Kumar of Nuvama wrote.
Business Standard
22 minutes ago
- Business Standard
Aayush Wellness Announces 2nd Interim Dividend
PNN New Delhi [India], July 30: Aayush Wellness, an Integrated Healthcare Company, is pleased to declare an interim dividend of Rs. 0.025 per share, reaffirming its commitment to rewarding investor trust and confidence. The Board of Directors has approved a dividend of Rs. 0.025 per share amounting to 2.5% of the face value of shares. This dividend decision underscores Aayush Wellness's focus on creating long-term value while maintaining financial discipline. "This dividend reflects our belief in sustainable growth and our gratitude to shareholders who have been an integral part of our journey. As we continue expanding in the Health and Wellness sector, we remain committed to delivering both innovation and returns." said Naveena Kumar, Managing Director of Aayush Wellness. The record date for determining shareholders eligibility for the dividend is 5th August 2025, and the dividend will be disbursed within 30 days from the announcement date, as per regulatory guidelines. Aayush Wellness Limited continues to demonstrate its commitment to making preventive healthcare both accessible and affordable--an approach that aligns with long-term value creation. With strategic expansions into teleconsultation, health checkups, and other healthcare services, alongside a growing portfolio of wellness products targeting lifestyle related health issues, the company is well-positioned to capture rising consumer demand in the health and wellness sector. This holistic approach not only strengthens its market presence but also enhances returns for its stakeholders. About Aayush Wellness Limited: (ISO 9000 and 22000 certified company) Aayush Wellness Limited [BSE scrip code: 539528], established in 1984 is a pioneering name in health and wellness solutions, dedicated to offering products that merge wellbeing with innovation. We are India's integrated healthcare company committed to offer quality products and services to enhance the consumer well-being. Aayush Wellness continues to lead the industry in promoting healthier lifestyle choices through its diverse range of wellness products and services. For more information, please visit or Call: 8655611700 for business inquiries.
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Business Standard
22 minutes ago
- Business Standard
Mahindra Q1 results: Net profit up 24% to ₹4,083 cr, income at ₹45,529 cr
Mahindra & Mahindra on Wednesday posted a 24 per cent year-on-year increase in its consolidated net profit to ₹4,083 crore for the June quarter, driven by broad-based growth across business verticals. The company reported a net profit of ₹3,283 crore for the April-June quarter of the last fiscal. Total income from operations rose to ₹45,529 crore in the June quarter against ₹37,218 crore in the year-ago period, the Mumbai-based company said in a regulatory filing. The company stated that auto and farm businesses continue to deliver on growth and margins with profits up by 20 per cent. Financial services assets under management (AUM) grew at 15 per cent while Tech Mahindra (TechM) continued its journey of margin expansion with EBIT improvement of 260 basis points (bps). Amongst the company's growth gems, Mahindra Logistics showed strong revenue momentum with 14 per cent growth and Mahindra Holidays & Resorts India (MHRIL) expanded room inventory by 10 pe cent, it added. "Q1 F26 has been an excellent quarter, with broad-based growth across all our businesses. The operating excellence in our Auto and Farm businesses is evident in continued market share gains and margin expansion," Mahindra & Mahindra (M&M) Group CEO & MD Anish Shah said. TechM is witnessing momentum on deal wins, sustaining cost discipline and is moving steadily towards its F27 margin objectives, he added. "Our growth gems are progressing well on their value creation journeys," Shah noted. Elaborating further, M&M Executive Director & CEO (Auto and Farm Sector) Rajesh Jejurikar said the businesses continue to lead with strong momentum in Q1 F26, with a gain of 570 bps YoY in SUV revenue share. "In tractors, we gained 50 bps YoY to reach 45.2 per cent market share, the highest ever in a quarter. Our Auto Standalone PBIT margin improved by 50 bps to 10 per cent, and core tractor PBIT margins improved by 100 bps to 20.7 per cent," he added. During the April-June quarter, the company sold 2,47,249 units, an increase of 17 per cent as compared with 2,11,550 units in the year-ago period. Tractor sales increased 10 per cent year on year to 1,32,964 units in the June quarter. M&M Group Chief Financial Officer Amarjyoti Barua said: "We are pleased with the performance of the group in the quarter, despite several macro challenges including geopolitical disruptions. It demonstrates the resilience of the group. With our continued focus on capital discipline & operational metrics, we remain committed to shareholder value creation." Shares of the company on Wednesday ended 0.62 per cent up at ₹3,217.05 apiece on the BSE.
