Hyundai Motor India (HYUNDAI) Q3 24/25 earnings summary

Executive summary

• Achieved record domestic sales of 605,433 vehicles in 2024, with SUVs contributing 67.6%–69% of sales and strong rural penetration; CNG penetration reached a record 15% in Q3 FY25.

• Launched Creta Electric, the first locally manufactured mass EV, and expanded EV charging infrastructure, supporting electrification and localization strategies.

• Board approved unaudited standalone and consolidated financial results for Q3 and nine months ended December 31, 2024, with no material misstatements found.

Financial highlights

• Q3 FY25 revenue: INR 166,480 million, down 1.3% year-over-year; EBITDA: INR 18,755 million (margin 11.3%); EBIT: INR 13,482 million (margin 8.1%); PAT: INR 11,607 million (margin 6.9%).

• 9M FY25 revenue: INR 512,526 million, down 1.7% year-over-year; EBITDA: INR 64,211 million (margin 12.5%); PAT: INR 40,259 million (margin 7.8%).

• Q3 FY25 total sales: 186,408 vehicles; domestic: 146,022; exports: 40,386.

• Margins and profits declined due to subdued demand, higher discounts, and geopolitical challenges.

Outlook and guidance

• Positive on long-term EV penetration, with Creta Electric launch, three more EVs planned, and continued investment in localization and charging infrastructure.

• Targeting 10% EV market share and 0.3–0.4% overall market share gain; export growth expected to stabilize with new models and Pune plant expansion.

• Expecting low single-digit domestic industry growth in 2025, focusing on cost reduction and efficiency.