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Economic Times
15 minutes ago
- Economic Times
Hyundai Motors India reports 8% decline in June quarter net profit at Rs 1,369 crore
Hyundai Motor India's net profit fell by 8% to Rs 1,369.23 crore in the first quarter. Revenue also decreased by 5%. Export volumes increased by 13%, offsetting weak domestic growth. Rural sales contributed significantly. The company started engine production in Pune. They anticipate a recovery in domestic demand due to monsoon and festive season. Hyundai shares closed down by 0. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Korean auto major Hyundai Motor India (HMIL) Wednesday reported 8% decline in consolidated net profit at Rs 1,369.23 crore for the first quarter ended June 30, 2025 on back of sluggish consumer demand for automobiles in the local company had reported net profit of Rs 1,489.65 crore in the corresponding period of the last financial year. Brokerage firm Normura had estimated the company to report 18% decline in net profit at Rs 1,215 crore in the period under fell 5% to Rs 16,412.9 crore last quarter, from Rs 17,344.2 crore a year earlier. Despite lower volumes, a richer product mix helped the company increase average selling price to Rs 765,000 (from Rs 760,000 in Q1 FY25).Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) stood at Rs 2,185.20 crore in the first quarter compared to Rs 2,340.3 crore in Q1FY25. EBITDA margins dipped to 13.3% from 13.5% in the year-ago Kim, Managing Director at Hyundai Motor India said, 'We continued our stated strategy of 'Quality of Growth' in the first quarter of FY 2026 with balance between domestic & exports, market share and profitability. This strategy helped us to sustain strong EBITDA margin of 13.3% during the quarter, despite tough macro economic environment.'Export volumes rose 13% year-on-year, offsetting subdued domestic growth, which remained under pressure due to ongoing macroeconomic challenges. Within the local market too, consumer demand in rural areas was better than those in urban. Rural contribution to total sales rose to 22.6% during the quarter, as the company expanded into untapped white space company also reported an enhanced CNG share of 15.6%, supported by the rollout of new dual-cylinder technology and fresh CNG variants, contributing to a broader fuel mix strategy.'Moving forward, we anticipate gradual recovery in domestic demand sentiments, driven by onset of monsoon & 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 the operational front, Hyundai Motor India announced the commencement of engine production at its Pune manufacturing facility. The unit has capacity to produce 150,000 engines per Anjum which will be utilised to meet domestic demand, for of Hyundai Motor India closed at Rs 2084.95, down by 0.76% on close at BSE.
Deccan Herald
15 minutes ago
- Deccan Herald
India builds strategic road in Bhutan's Haa valley near disputed border of Doklam
Built by the Border Roads Organisation at a cost of Rs 254 crore, the Confluence-Haa road is set to be inaugurated by Bhutan Prime Minister Lyonchhen Dasho Tshering Tobgay on August 1.
India.com
15 minutes ago
- India.com
Rs 5200000000000 Masterstroke by Mukesh Ambani: Plans to launch 'biggest ever IPO' of..., to list this company in stock market by next year
Rs 5200000000000 Masterstroke by Mukesh Ambani: Plans to launch 'biggest ever IPO' of..., to list this company in stock market by next year Biggest Ever IPO: One of the world's richest men Mukesh Ambani is known for his risk-taking abilities and business mind. Every company that is touched by Mukesh Ambani reaches new heights. In a major move, Ambani-led Reliance Industries is planning to launch the biggest IPO in India. The company is mulling introducing its telecom unit, Jio Infocomm, to the public. As per a report by Bloomberg, RIL is gearing up to raise Rs 52,200 crore by selling a five percent stake in the company. The size of the IPO eclipses all domestic IPO records. However, the report states that the plan is still in a very initial stage, and RIL is conducting informal talks with the securities regulator – Securities and Exchange Board of India – to secure approval. The Biggest IPO In India Currently, the news of Jio IPO is making headlines all over and is the talk of the town, but do you know which has been the largest IPO in the country so far? Well, it was the LIC public offering. However, in 2014, Hyundai Motor India became the biggest IPO with its Rs 28,000 crore IPO. The auto company holds the largest on record. With the biggest Jio's mammoth IPO plan's blueprint is getting ready, it could set new record in India by becoming the biggest IPO India has ever seen. SEBI Urged To Relax 25% Minimum Public Shareholding Rule The Bloomberg report states that the Mukesh Ambani company has initiated informal talks with the regulatory body of the capital markets, requesting an exemption from the rule that mandates all Indian companies to maintain a minimum shareholding of 25 percent. RIL has expressed worries that the local market might lack the capacity to handle a larger float, which has led to a request for a waiver. According to the report, the IPO could potentially be launched as soon as next year, although the company has not made any formal announcement regarding this matter yet. Jio Also known as Reliance Jio Infocomm Limited, Jio is one of the major company that dominates the Indian telecom sector. It is the company under Reliance Industries. Launched in 2016, it changed the telecom sector with affordable data and free voice calls. Jio in no time gained millions of users, making it one of India's largest and most influential telecom operators.
