Hyundai Motor India (HYUNDAI) Q4 22/23 earnings summary

Executive summary

• FY23 sales reached a record 7,20,565 units; revenue from operations rose 27.8% YoY to ₹59,761 crore and PAT increased 62.6% to ₹4,654 crore.

• Seven launches, including IONIQ 5 and the all-new VERNA, supported growth; a decade-long ₹20,000 crore investment plan targets EV expansion and plant upgrades.

Financial highlights

• Standalone revenue from operations was ₹597,614.46 million versus ₹470,427.93 million in FY22; PBT was ₹62,688.52 million, up 68.4%, and PAT was ₹46,538.47 million, up 62.6%.

• Standalone EBITDA was ₹8,566.29 crore versus ₹4,601.35 crore in FY22; EPS was ₹5,727.52 versus ₹3,521.99.

• Consolidated revenue was ₹603,075.80 million and PAT ₹47,092.50 million; consolidated EPS was ₹5,795.71.

• Cash and cash equivalents closed at ₹174,932.05 million standalone; net operating cash flow was ₹64,754.96 million and capital expenditure was ₹22,343.59 million.

Outlook and guidance

• Planned ₹20,000 crore Tamil Nadu investment over 2023–32 will support EV models, production capacity, a battery-pack assembly unit and charging infrastructure; EV portfolio expansion is planned by 2028.

• Production capacity is being raised from 750,000 to 850,000 units annually, with automation and digitalisation intended to improve efficiency and output.

• Renewable electricity target: RE100 by 2025; long-term carbon-neutrality goal: 2045.