Hyundai Motor India Limited (HMIL) has announced its financial results for the third quarter (Q3) and the first nine months (9M) of FY 2024-25. While the company maintained steady revenue and sales figures, profits were impacted by macroeconomic conditions, changing interest income, and geopolitical factors. However, Hyundai remains optimistic about future growth, particularly in the electric vehicle (EV) sector, with the launch of the CRETA Electric and upcoming capacity expansions.
9M FY 2024-25 Financial Highlights (April – December 2024)
Revenue from operations: ₹5,12,526.11 million
EBITDA margin: 12.53% (vs. 12.67% in 9M FY2023-24)
Passenger vehicles sold: 5,70,402 units (Domestic: 4,45,116 | Exports: 1,25,286)
Profit Before Tax (PBT): ₹54,159.54 million (vs. ₹59,802.59 million in 9M FY2023-24)
Net Profit (PAT): ₹40,258.55 million (vs. ₹43,828.71 million in 9M FY2023-24)
PAT Margin: 7.75%
Q3 FY 2024-25 Financial Highlights (October – December 2024)
Revenue from operations: ₹1,66,479.93 million
EBITDA margin: 11.27% (vs. 12.88% in Q3 FY2023-24)
Passenger vehicles sold: 1,86,408 units (Domestic: 1,46,022 | Exports: 40,386)
PBT: ₹15,627.25 million (vs. ₹19,597.44 million in Q3 FY2023-24)
PAT: ₹11,607.34 million (vs. ₹14,252.21 million in Q3 FY2023-24)
The company achieved its highest-ever CNG penetration in Q3, reaching 15%, up from 12% in the same period last year. Hyundai also recorded a rise in rural penetration, reaching 21.2% compared to 19.7% in Q3 FY2023-24.
The decline in margins has been attributed to subdued demand and geopolitical factors. Despite these challenges, Hyundai remains committed to long-term growth and innovation, particularly in the EV sector.
The company is gearing up for significant expansion in EV penetration in India. With the CRETA Electric set to redefine the segment and three more EVs planned for launch, Hyundai is investing in localization, charging infrastructure, and alternative eco-friendly powertrains such as hybrids, hydrogen, and flex-fuel technologies.
Additionally, Hyundai’s Pune plant capacity expansion aligns with its strategy to diversify its product portfolio and adapt to evolving market dynamics.
