Hyundai Motor India (HYUNDAI) Q4 21/22 earnings summary

Executive summary

• FY22 revenue from operations rose 16% YoY to ₹47,043 crore; profit before tax increased 49% to ₹3,723 crore and profit after tax grew 55% to ₹2,862 crore.

• Production reached 6.06 lakh vehicles, up 7% YoY; semiconductor shortages constrained output despite strong passenger-vehicle demand.

• Export volumes grew 24% to 1.29 lakh units, while domestic sales increased 2% to 4.81 lakh units.

Financial highlights

• Standalone revenue from operations was ₹470,427.93 million vs ₹406,740.12 million in FY21; PBT was ₹37,227.93 million vs ₹24,929.90 million.

• Standalone PAT reached ₹28,617.65 million vs ₹18,471.62 million; total comprehensive income was ₹28,643.79 million vs ₹18,502.78 million.

• Consolidated revenue was ₹473,784.32 million vs ₹409,722.51 million; consolidated PAT was ₹29,015.91 million vs ₹18,811.57 million.

• Net cash generated from standalone operating activities was ₹50,810.87 million; year-end cash and cash equivalents were ₹139,658.39 million.

Outlook and guidance

• Production capacity is being expanded from 7.5 lakh to 8.5 lakh units p.a. through automation, bottleneck removal, supply-chain improvements and new models.

• Six battery electric vehicles are planned for India by 2028, alongside introduction of the dedicated E-GMP platform.

• The Indian auto industry was expected to regain pre-pandemic highs by FY24; near-term recovery remained uncertain amid war, China lockdowns and supply disruptions.

• India’s EV market was forecast to reach $150 billion by 2030, with a 90% CAGR during the decade; electrification strategy is accelerating.