Hyundai Motor India (HYUNDAI) Q2 2025 earnings summary

Executive summary

• Q2 FY25 revenue and profit declined due to industry slowdown, Red Sea crisis, and geopolitical factors, but operational and cost efficiencies, premiumization, and new model launches supported resilience.

• Exter surpassed 1 lakh sales in India within a year and began exports to South Africa, reinforcing export strategy.

• The company completed its IPO and listed on NSE and BSE on 22 October 2024.

• Board approved material related party transactions and a postal ballot for group entities.

• Recognized as Top Employer 2024 and expanded EV charging infrastructure through strategic partnerships.

Financial highlights

• Q2 FY25 consolidated revenue from operations was ₹172,604 million, down 7.5% year-over-year; EBITDA was ₹22,053 million (margin 12.8%), and PAT was ₹13,755 million (margin 7.9%).

• H1 FY25 consolidated revenue was ₹346,046 million, with EBITDA margin improving to 13.1% from 12.6% year-over-year; PAT for H1 FY25 was ₹28,651 million.

• Standalone Q2 FY25 revenue was ₹168,762 million, PAT was ₹13,378 million; standalone H1 FY25 PAT was ₹27,856 million.

• Basic and diluted EPS (consolidated) for H1 FY25 was ₹35.26; standalone EPS was ₹34.28.

• Cash and cash equivalents (consolidated) as of 30 September 2024 stood at ₹43,194.68 million.

Outlook and guidance

• Confident in mid- to long-term demand momentum despite current cyclical slowdown and expects stable Q3.

• CRETA EV launch planned for Q4 FY25, expected to be a game changer in the Indian EV market.

• Pune plant construction on track for Q3 FY26 production start, supporting future growth.

• Focus remains on balancing volume, market share, and margins post-IPO.

• Operational and cost efficiencies, along with favorable domestic mix, are expected to help mitigate ongoing volume and margin pressures.