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Hyundai PAT falls 19% in Q3 over subdued demand
The New Indian Express Coimbatore
|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.
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