Hyundai Motor India Sees 15.5% Drop in Q2 Profit

14 Nov 2024 CW Team

Hyundai Motor India posted a net profit of ?13.75 billion for the second quarter (Q2) of FY 2024-25, marking a 15.5% decline compared to ?16.28 billion in the same period last year. The company’s revenue from operations also fell by 7.5%, reaching ?172.60 billion, down from ?186.60 billion in Q2 FY24. Hyundai attributed the decline to weak market conditions and ongoing global geopolitical challenges.

In the first half (H1) of FY25, Hyundai sold 383,994 passenger vehicles, with 299,094 units sold domestically and 84,900 units exported. Revenue for H1 FY25 stood at ?346.04 billion, a slight drop of 1.92% compared to ?352.83 billion in H1 FY24. The company's profit after tax for H1 FY25 was ?28.65 billion, down from ?29.57 billion in the same period last year.

Despite the decline in profits and revenue, Hyundai improved its EBITDA margin to 13.14% in H1 FY25, up from 12.58% in the previous year, reflecting strong cost management strategies. Managing Director Unsoo Kim remains optimistic about Hyundai's future, with the upcoming launch of the CRETA EV expected to play a significant role in the growing Indian electric vehicle market.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Infrastructure Transport

06 Jul 2026

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Infrastructure Transport

06 Jul 2026

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..