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