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The company’s revenue from operations came in at Rs 20,191 crore for the quarter under review, up 18% year-on-year from Rs 17,061 crore reported in the corresponding quarter of the previous financial year.
EBITDA or earnings before interest, tax, depreciation and amortization for the quarter under review came in at Rs 1,912 crore, down 20% from Rs 2,382 in the year-ago period. Margins also took a hit, down 450 basis points to 9.5% from 14% in the second quarter of the previous financial year.
Expenses for the quarter rose 24% to Rs 18,845 crore as compared to Rs 15,203 crore reported in the same quarter last year, the company said in a regulatory filing on Wednesday.
Following the development Hyundai Motor India shares surged over 4% to Rs 1,938 on the BSE. The stock sits well below the 52-week high of Rs 2,467 in November last year.
Earlier this week, Hyundai Motor India launched the Hyundai Bayon at an introductory price of Rs 10 lakh, positioning it as a new-age SUV combining future-ready technology, advanced safety and performance under its “Intelligence That Moves” philosophy.
The BAYON features HMIL’s first-ever Generative AI Voice Assistant, powered by Intelligence by Perplexity and SoundHound AI, enabling natural conversations and a more intuitive driving experience. Its Connected Car Navigation Cockpit (ccNC), accelerated by NVIDIA, integrates dual 12.3-inch curved panoramic displays, Hyundai Bluelink with over 70 connected features and up to 19 controllers supporting over-the-air (C-OTA) updates.Built on the Global K Enhanced Platform and engineered to meet 5-star Indian safety standards, the BAYON comes equipped with Hyundai SmartSense Level 2 Pro Advanced Driver Assistance Systems (ADAS), offering 23 advanced driver assistance features for highway driving.
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