Gurugram | January 28, 2025: The Board of Directors of Hyundai Motor India Limited (The Company) today approved the financial results (Standalone and Consolidated) for the third quarter and 9 months of FY 2024-25.
Highlights of 9M (April to December 2024), FY 2024-25
- Revenue from operations is at INR 512,526.11 million
- EBITDA margin is at 12.53% as compared to 12.67% of 9M FY2023-24
The Company sold 570,402 units of passenger vehicles during the period. This number includes 445,116 units in the domestic market, which boasts a substantial contribution from the SUV segment. The company exported 125,286 units during the period. During the period, revenue from operations of INR 512,526.11 million was registered by the Company as compared to INR 521,579.11 million in the same period last year. The PBT for 9M of 2024-25 is at INR 54,159.54 million compared with that of 9M FY2023-24 at INR 59,802.59 million. While the macro impact on operations was mitigated through cost-reduction efforts, the PBT was affected by a change in interest income due to a lower liquidity base. The Net Profit (PAT) for the period is INR 40,258.55 million compared to INR 43,828.71 million of 9M FY2023-24. PAT margins stood at 7.75% during 9M of FY 2024-25.
Highlights of Q3 (October to December 2024), FY 2024-25
- Revenue from operations stands at INR 166,479.93 million
- EBITDA margin stands at 11.27 % in Q3 FY25 as compared to 12.88% in Q3 FY24.
The Company sold a total of 186,408 units of passenger vehicles during this quarter. This includes 146,022 units in the domestic market, with a substantial contribution from the SUV segment. The Company has achieved its highest-ever CNG penetration during the quarter, reaching an impressive 15%, which was 12% in Q3 of the previous year. The quarter has reflected rural penetration, where the company showed robust growth, reaching a percentage of 21.2% from the same quarter last year, which had registered at 19.7%.
In export volume, the figure recorded stood at 40,386 units. This quarter registered revenue from operations of INR 166,479.93 million as compared to INR 168,747.09 million in the same quarter of the previous year. The PBT for Q3 of 2024-25 stands at INR 15,627.25 million against INR 19,597.44 million in the corresponding quarter last fiscal 2023-24. The PAT for the quarter stands at INR 11,607.34 million against INR 14,252.21 million in the corresponding quarter last fiscal 2023-24. The decline in margins was mainly due to subdued demand & geo-political factors. Outlook HMI is assertive about its growth trajectory and is dedicated to driving long-term value for its stakeholders.
The Company expects growth in penetration of EVs in India and is moving towards comprehensive electrification. The company is of the view that the newly launched CRETA Electric will drive phenomenal success and strong momentum and be a game-changer in the EV landscape. It’s also building a strong EV ecosystem in India, such as localization, charging infrastructure, etc. Along with three more EVs planned in due time, the Company is expected to contribute significantly to India’s EV growth story.
Align with the aggressive plans of capacity addition from Pune Plant, the Company will also drive the diversification of product portfolios. The company will also consider exploring opportunities for alternate eco-friendly powertrains. With ready access to the global power train technologies of HMC, such as hybrids, hydrogen, flexi fuel, etc., the company is well placed in the eventuality of any alteration in demand dynamics and regulatory requirements.
Commenting on the Company’s results, Mr. Unsoo Kim, Managing Director, said, “While the challenges persist in the overall market due to global factors, our business fundamentals remain strong, and we remain confident in our ability to leverage our strengths and actively explore potential opportunities to improve our volumes and profitability.”
