Net profit of Hyundai Motor India declined 15.54% to Rs 1375.47 crore in the quarter ended September 2024 as against Rs 1628.46 crore during the previous quarter ended September 2023. Sales declined 7.50% to Rs 17260.38 crore in the quarter ended September 2024 as against Rs 18659.69 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales17260.3818659.69 -7 OPM %12.7813.08 - PBDT2368.392788.63 -15 PBT1849.852232.04 -17 NP1375.471628.46 -16 Powered by Capital Market - Live

The profit before tax (PBT) for Q2 of FY25 stood at Rs 1,849.85 crore, registering de-growth of 17.12% on YoY basis. The decline in PBT and net profit were mainly due to weak market sentiments and geo-political factors. EBITDA margin decreased to 12.78% in September 2024 quarter from 13.08% YoY posted in September 2023. The company sold a total of 1,91,939 units of passenger vehicles during this quarter. This includes 1,49,639 units in the domestic market with a strong contribution from SUV segment. The export volume stood at 42,300 units. On half-yearly basis, the car manufacturer's net profit declined 3.13% to Rs 2,865.12 crore on 1.92% slide in revenue from operations to Rs 34,604.62 crore in H1 FY25 over H1 FY24. In the mid to long term, the company expects a sustained demand momentum in the industry and will continue to focus on quality of growth by maintaining an optimum balance between volume, market share and margins. Mr. Unsoo Kim, managing director said, 'Despite the sluggish market conditions, we have successfully maintained profitability in H1 FY25, largely due to our proactive and continuous cost control measures. Further, we will be launching the CRETA EV for mass market in the coming months and we expect it will be a game changer in the EV market.' Hyundai Motor India is a part of the Hyundai Motor Group, which is the third largest auto original equipment manufacturer (OEM) in the world based on passenger vehicle sales in CY23. Manufactures and sells reliable, feature-rich, and innovative four-wheeler passenger vehicles backed by the latest technology. Additionally, parts such as transmissions and engines are also manufactured. Shares of Hyundai Motor India debuted on the bourses on 22 October 2024. The scrip was listed at Rs 1,931, representing a 1.48% discount to the issue price of Rs 1,960.Powered by Capital Market - Live

Hyundai Motor India will hold a meeting of the Board of Directors of the Company on 12 November 2024Powered by Capital Market - Live

The scrip was listed at Rs 1931, at a 1.48% discount to its issue price. The stock has hit a high of Rs 1968.80 and a low of Rs 1865.75 so far in the trading session. Over 8.06 lakh shares of the company had changed hands at the counter till now. The initial public offer (IPO) of Hyundai Motor India received 23,63,27,903 bids for shares as against 9,97,69,810 shares on offer. The issue was subscribed 2.37 times. The Qualified Institutional Buyers (QIBs) category was subscribed 6.97 times. The Non Institutional Investors (NIIs) category was subscribed 0.60 times. The Retail Individual Investors (RIIs) category was subscribed 0.50 times. The issue opened for bidding on 15 October 2024 and closed on 17 October 2024. The price band of the IPO was fixed between Rs 1865 and 1960 per share. The IPO comprises entirely of offer for sale of 14,21,94,700 equity shares aggregating up to Rs 27,870.16 crore by Hyundai Motor Company. Proceeds from the offer will not be directly received by the company, and all offer proceeds will go to the selling shareholders, distributed in proportion to the shares sold by them. Hyundai Motor Company is the promoter. The promoters and promoter group hold 81,25,41,100 equity shares, aggregating to 100% of the pre-offer issued and paid-up equity share capital. Their post IPO shareholding is expected to be around 82.5%. Ahead of the IPO, Hyundai Motor India on Monday, 14 October 2024, raised Rs 8,315.28 crore from anchor investors. The board allotted 4.24 crore shares at Rs 1,960 each to 225 anchor investors. Hyundai Motor India is a part of the Hyundai Motor Group, which is the third largest auto original equipment manufacturer (OEM) in the world based on passenger vehicle sales in CY23. Manufactures and sells reliable, feature-rich, and innovative four-wheeler passenger vehicles backed by the latest technology. Additionally, parts such as transmissions and engines are also manufactured. The firm reported a consolidated net profit of Rs 1,489.65 crore and sales of Rs 17,344.23 crore for the three months ended on 30 June 2024. Powered by Capital Market - Live

The equity shares of Hyundai Motor India (Scrip Code: 544274) are listed effective 22 October 2024 and admitted to dealings on the Exchange in the list of A Group Securities.Powered by Capital Market - Live