Automobile company Hyundai Motor India Limited has made a consolidated net profit of Rs 1,375 crore in the second quarter of the financial year 2024-25. It has decreased by 16.5% on annual basis.
The company had made a profit of Rs 1,628 crore in the same quarter a year ago. Hyundai India has released quarterly results for the first time after listing on BSE-NSE.
Operational revenue in the July-September quarter stood at Rs 17,260 crore. It was Rs 18,639 crore in the same quarter a year ago. It has decreased by 7.39% on annual basis. The amount received from selling goods and services is called revenue.
Hyundai India's total income decreased by 8.34%
In the July-September quarter, Hyundai India's total income declined by 8.34% year-on-year to Rs 17,452 crore. The total income of the company in the second quarter of the financial year 2023-24 was Rs 19,042 lakh crore.
Consolidated profit means performance of the entire group
The results of companies come in two parts – standalone and consolidated. Standalone shows the financial performance of only one unit. Whereas, in consolidated financial report the entire company is reported.
Hyundai India shares closed at Rs 1,820 today
Shares of Hyundai India closed 0.11% lower at Rs 1,820 today on Tuesday (November 12). The company's shares have fallen 1.29% so far since listing. The market cap of the company is Rs 1.47 lakh crore. Hyundai India's shares were listed on BSE-NSE on 22 October.
The company's IPO opened on 15 October and closed on 17 October. The company had fixed its price band at Rs 1,865-1,960. The company had raised Rs 27,870 crore through this IPO.
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