Hyundai India shares skid 3% after Q2 net profit dips 16%

economictimes.indiatimes.com:

The car manufacturer said that the decline in PAT was owed to weak market sentiments and geo-political factors. The company’s revenue from operations fell 7% YoY to Rs 17,260 crore during the quarter.

Hyundai India reported an EBITDA of Rs 2,205 crore in the second quarter, down 10% from Rs 2,440 crore posted in the corresponding quarter of the previous year. Margins for the quarter also declined 30 basis points (bps) YoY to 12.8% in the reporting period.

Also read | Hyundai India Q2 Results: Cons PAT falls 16% YoY to Rs 1,375 crore, revenue down 7%

The company sold a total of 1.91 lakh units, including 1.49 lakh units in the domestic market with a strong contribution from the SUV segment, during the quarter. The export volume stood at 42,300 units.

• Stock Trading

  Derivative Analytics Made Easy

  By — Vivek Bajaj, Co Founder- Stockedge and Elearnmarkets

• Stock Trading

  Dow Theory Made Easy

  By — Vishal Mehta, Independent Systematic Trader

• Stock Trading

  Renko Chart Patterns Made Easy

  By — Kaushik Akiwatkar, Derivative Trader and Investor

• Stock Trading

  Technical Trading Made Easy: Online Certification Course

  By — Souradeep Dey, Equity and Commodity Trader, Trainer

• Stock Trading

  Options Scalping Made Easy

  By — Sivakumar Jayachandran, Ace Scalper

• Stock Trading

  Options Trading Made Easy: Options Trading Course

  By — Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant

• Stock Trading

  Commodity Markets Made Easy: Commodity Trading Course

  By — elearnmarkets, Financial Education by StockEdge

• Stock Trading

  Ichimoku Trading