Hyundai Motor India (HYUNDAI) Q2 2025 earnings summary

Executive summary

• Q2 FY25 saw revenue and profit declines due to industry slowdown, Red Sea crisis, and geopolitical factors, with operational and cost efficiencies partially offsetting the impact.

• SUV segment continued to grow, accounting for 69% of Q2 volumes, with premiumization and new technology introductions supporting product mix.

• Launched new models and variants, including the Alcazar facelift and Venue Adventure Edition, and expanded Exter exports to South Africa.

• Expanded EV infrastructure and announced plans for four EV models, including the upcoming Creta EV.

• Completed IPO and listed on NSE and BSE in October 2024; board approved postal ballot for material related party transactions.

Financial highlights

• Q2 FY25 consolidated revenue from operations was ₹172,604 million, down 7.5% year-over-year; EBITDA was ₹22,053 million (margin 12.8%), and PAT was ₹13,755 million (margin 7.9%).

• H1 FY25 consolidated revenue was ₹346,046 million, with EBITDA margin improving to 13.1% from 12.6% year-over-year; PAT for H1 FY25 was ₹28,651 million.

• Standalone revenue for Q2 FY25 was ₹168,761.67 million; standalone PAT was ₹13,377.93 million.

• Basic and diluted EPS (consolidated) for H1 FY25 was ₹35.26.

• Cash and cash equivalents (consolidated) as of 30 September 2024 stood at ₹43,194.68 million.

Outlook and guidance

• Management expects stable Q3 driven by strong festive demand, SUV traction, and upcoming marriage season.

• Creta EV launch planned for Q4 FY25, anticipated to be a game changer in the Indian EV market.

• Pune plant construction progressing, with production start expected in Q3 FY26, boosting capacity to 1.1 million units.

• Focus remains on balancing volume, market share, and margins, with sustained demand momentum expected mid- to long-term.

• Operational and cost efficiencies, along with favorable domestic mix, are expected to help mitigate ongoing volume and margin pressures.