Hyundai Motor India Q3: Hyundai Motor India, the Indian arm of Hyundai Motor Company, on Tuesday, January 28, reported an 18.5% decline in its consolidated net profit at ₹1,160.7 crore for the quarter ended December 31, 2024 (Q3 FY25).
The company had registered a profit of ₹1,425.22 crore in the year-ago period.
Total revenue from operations came in at ₹16,648 crore, down 1.3% against ₹16,874 clocked in the December 2023 quarter.
Total income during the quarter under review stood at ₹16,892.45 crore, down 2.03% YoY. The figure was ₹17,243.56 crore in the year-ago period.
EBITDA margin came in at 11.27% in Q3 FY25 as compared to 12.88% in Q3 FY24. The company said that the decline in margins was mainly due to subdued demand and geo-political factors.
Earnings per share (basic and diluted) decreased to ₹14.29 from ₹17.54 in the corresponding quarter of the previous fiscal year.
Shares of the company at the time of writing this report were trading flat at ₹1640.05 apiece on the BSE, down 0.21%.
In its press release, Hyundai Motor India said that it sold a total of 186,408 units of passenger vehicles during the December quarter.
“This includes 146,022 units in the domestic market with a strong contribution from the SUV segment. The company has achieved its highest-ever CNG penetration during the quarter, reaching an impressive 15%, which was 12% in Q3 of the previous year. During the quarter, the company demonstrated robust growth in rural penetration, reaching 21.2% compared to 19.7% in the same period last year. The export volume stood at 40,386 units,” the release added.
Commenting on the company’s results, Unsoo Kim, Managing Director, said, “While the challenges persist in the overall market due to global factors, our business fundamentals remain strong, and we remain confident in our ability to leverage our strengths and actively explore potential opportunities to improve our volumes and profitability.”
Outlook
The automaker said it was confident about its growth trajectory and was committed to driving long-term value for its stakeholders. The company is building a strong EV ecosystem in India, like localisation, charging infrastructure, etc., and along with three more EVs planned in due time, Hyundai Motor India is expected to greatly contribute to India’s EV growth story.
IPO wrap: HM Electro Mech closes with strong demand, GB Logistics IPO subscribed over 185 times
GB Logistics Commerce IPO was booked over 185 times on the last day, while the initial public offering of HM Electro Mech Ltd was subscribed 93.5 times. Here’s a look at the major developments in the IPO market on Tuesday, January 28.
GB Logistics Commerce IPO subscribed over 185 times on last day, SME issue of HM Electro Mech closes with strong demand; check primary market highlights | Image: Shutterstock
It was yet another dull day for the primary markets on January 28, with only two initial public offerings (IPOs) of small and medium enterprises (SMEs) available for bidding. Both the BSE SME issues closed today with impressive subscription numbers.
On the last day, the GB Logistics Commerce IPO was booked more than 185 times, while the initial public offering of HM Electro Mech Ltd was subscribed 93.5 times.
Share allotment status for another SME IPO of CLN Energy Ltd was also scheduled to be finalised on Tuesday.
HM Electro Mech IPO closes today on a solid note
The ₹27.74-crore HM Electro Mech IPO closed for bidding today on a solid note. The BSE SME issue was overall subscribed 93.54 times. The retail segment was booked 97.73 times, while the Non-Institutional Investors’ (NIIs) category was subscribed 184.34 times. The Qualified Institutional Buyers (QIBs) booked their quota nearly 18 times.
The IPO price band was fixed at ₹71 to ₹75 per share, while the minimum bid quantity to apply for the issue was a single lot size of 1,600 shares. HM Electro Mech shares are scheduled to be listed on the BSE SME platform on January 31.
GB Logistics Commerce IPO sees huge demand on closing day
The ₹25.07-crore SME issue of GB Logistics Commerce Ltd also witnessed huge demand on the last day of bidding. The IPO was subscribed 185.31 times across investor categories. The retail quota was booked 122 times, while the NIIs category was booked 402 times. The QIBs subscribed their category by 26.85 times.
The price band for the IPO was fixed at ₹95 to ₹102 per share. The minimum lot size for an application was 1,200 shares. The stock is scheduled to be listed on the BSE SME platform on January 31.
CLN Energy IPO allotment
CLN Energy Ltd. will announce the share allotment status today after successfully submitting its ₹72.3-crore SME IPO.
The IPO applicants can check the status online on the official websites of the BSE and the issue registrar, Bigshare Services Pvt. Ltd.
The CLN Energy IPO, open for bidding from January 23 to January 27, was subscribed 5.5 times. The stock will be listed on the BSE SME platform on January 30.
