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Hyundai PAT falls 19% in Q3 over subdued demand
The New Indian Express Bhubaneswar
|January 29, 2025
OWING to subdued demand in the domestic market and global headwinds impacting exports, Hyundai Motor India Ltd (HMIL) on Tuesday reported a 19% decline in its profit after tax (PAT) for the quarter ending December this fiscal (Q3FY25) at ₹1,161 crore as against ₹1,425 crore profit in the same quarter last financial year (Q3FY24).
Sequentially, profit fell 15.6% as the carmaker had reported a PAT of ₹1,375 crore in Q2FY25. It sold 186,408 units (domestic plus exports) of passenger vehicles during the reported quarter as against 190,979 units sold in Q3. Shares of Hyundai Motor India closed 1.27% lower at ₹1,622.75 on the BSE on Tuesday. In contrast, benchmarks Sensex and Nifty settled with a gain of about 0.70% each.
This story is from the January 29, 2025 edition of The New Indian Express Bhubaneswar.
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