Hyundai Q4 PAT slips 4 pc to Rs 1 614 cr on lower sales in domestic market

    New Delhi, May 16 (PTI) Hyundai Motor India on Friday reported a 4 per cent dip in its consolidated profit after tax to Rs 1,614 crore for the fourth quarter ended March 2025, on account of lower sales in the domestic market.
    The automaker had posted a profit after tax (PAT) of Rs 1,677 crore in the January-March period of 2023-24.
    Its total revenue from operations rose to Rs 17,940 crore for the period under review compared to Rs 17,671 crore in the year-ago period, Hyundai Motor India Ltd (HMIL) said in a regulatory filing.
    The company said it has sold 1,53,550 units in the domestic market in the fourth quarter against 1,60,317 units in the same period of FY24.
    Its exports increased to 38,100 units in the fourth quarter from 33,400 units in the year-ago period.
    For the entire 2023-24 fiscal, the company's consolidated PAT slipped 7 per cent to Rs 5,640 crore from Rs 6,060 crore in FY24. Its revenue declined to Rs 69,193 crore in the last fiscal compared to Rs 69,829 crore in the 2023-24 financial year.
    Its domestic sales declined to 5,98,666 units last fiscal against 6,14,721 units in FY24. Exports remained almost flat at 1,63,386 units in FY25 compared to 1,63,155 units in 2023-24.
    "The year gone by signifies our resilience in the financial performance by way of sustained revenues and healthy operating margins attributable to improved realisations and effective cost control measures," HMIL MD Unsoo Kim stated.
    Hyundai’s strong brand presence in key global emerging markets enabled it to endure headwinds and sustain export volumes during the year, he added.
    "Looking ahead, we remain cautiously optimistic on the domestic demand outlook in the near term amid prevailing macro-turbulences and weakening customer sentiments. While we expect our FY26 domestic growth to be broadly in line with Industry estimates of low-single digit, we are aiming for 7-8 per cent volume growth in exports by improved focus and leveraging our strong brand equity and legacy in the key emerging markets," Kim said.
    The company has an aggressive product pipeline of 26 models (including refreshments), comprising 20 ICE and 6 EVs, by FY2030, he added.
    "Additionally, we shall be introducing new eco-friendly powertrains like Hybrids. We believe that this aggressive launch pipeline, coupled with our upcoming Pune plant capacity, will give us great impetus to continue our growth story in India," Kim said.
    Elaborating on the product launches, HMIL COO Tarun Garg said the company plans to introduce 8 out of the 26 models by FY27.
    He noted that the focus of the company remains on the SUV segment, which accounted for around 69 per cent of the company's overall sales in FY25.
    Hyundai said it has earmarked a capex of Rs 7,000 crore for the current fiscal for strategic investments to drive sustainable mid to long-term growth.
    The company plans to invest around 40 per cent of the capex in its upcoming Pune plant and 25 per cent on the products side during the fiscal.
    Garg said the company expects EV penetration in the domestic passenger vehicle segment to reach 13-14 per cent by 2030. The company is also focusing on DC fast charging stations to encourage the adoption of green vehicles.
    "We believe that by 2030, whatever the industry penetration will be, our penetration will be higher, and we plan to have a higher market share than our IC market share in the EV space because obviously we have a very strong plan for models as well as for localisation," he stated.
    The company is focusing on exports, new trims, and product interventions to navigate the challenging market, Garg said.
    The automaker said its board has recommended a final dividend of Rs 21 per share of face value of Rs 10 each for 2024-25.
    HMIL shares on Friday ended 1.29 per cent up at Rs 1,859.95 apiece on BSE.

(This story has not been edited by THE WEEK and is auto-generated from PTI)