Latest news with #HyundaiMotorIndia
Economic Times
an hour ago
- Automotive
- 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.
Time of India
an hour ago
- Automotive
- Time of India
Hyundai Motors India reports 8% decline in June quarter net profit at Rs 1,369 crore
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel 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.
Mint
4 hours ago
- Automotive
- 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.
Reuters
4 hours ago
- Automotive
- Reuters
Hyundai India shrugs off China's rare-earth ban; quarterly profit tops view
July 30 (Reuters) - Hyundai Motor India ( opens new tab posted a better-than-expected quarterly profit on Wednesday on the back of strong exports and downplayed concerns over China's rare-earth magnet export ban, saying its current stockpile is sufficient to handle any near-term disruptions. Carmakers in India - the world's third-largest auto market - are boosting exports to offset slowing local sales, tighter margins and rising discounts, even as China's rare-earth export ban looms over EV supply chains. However, Hyundai's manufacturing head Gopalakrishnan C S said in a post-earnings conference call said the company remains unaffected by the ban for now, with adequate inventory. "(With) rare earth as such, we are not facing any issue. We (have) adequate inventory for the near term already," he said. While profit declined 8% to 13.69 billion rupees ($156.7 million) in the three months to June 30, it topped analysts' estimate of 12.59 billion rupees, according to data compiled by LSEG. A 13% rise in exports helped cushion a 6% drop in quarterly sales, and the automaker expects overseas shipments to grow 7%–8% this fiscal year. Managing Director Unsoo Kim said he expects the momentum to continue, with exports making up 27% of first-quarter sales and a 30% share targeted for the full year. In the quarter, domestic sales fell 12%. Its June-quarter revenue fell 5.4% to 164.13 billion rupees, while expenses dropped 5%. Shares, up 8% since listing in October 2024, closed 0.7% lower on Wednesday. The Indian unit of South Korea's Hyundai Motor ( opens new tab, like several of its peers, is banking on the upcoming festive season and easing interest rates to revive flagging domestic demand. Rival Mahindra and Mahindra ( opens new tab reported a better-than-expected rise in quarterly profit, driven by robust demand for high-margin sports utility vehicles and tractors. ($1 = 87.3720 Indian rupees)
Business Standard
4 hours ago
- Automotive
- Business Standard
Hyundai Motor India consolidated net profit declines 8.08% in the June 2025 quarter
Sales decline 5.55% to Rs 16179.62 crore Net profit of Hyundai Motor India declined 8.08% to Rs 1369.23 crore in the quarter ended June 2025 as against Rs 1489.65 crore during the previous quarter ended June 2024. Sales declined 5.55% to Rs 16179.62 crore in the quarter ended June 2025 as against Rs 17131.25 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 16179.6217131.25 -6 OPM % 13.5113.66 - PBDT 2375.302532.36 -6 PBT 1847.202003.38 -8 NP 1369.231489.65 -8
