Hyundai Motor India Q4 PAT slips 4% to ₹1,614 crore, board okays dividend of Rs 21
The company's consolidated revenue during the quarter grew marginally by 1.5% to Rs. 17,940 crore.
For FY25 the company's net profit dropped 7% to YoY Rs.5,640 crore and revenue remained flat at Rs. 69,193 crore.
The board has recommended a dividend of Rs. 21 per share for FY25.
The company on Friday said it would introduce 26 products (including refreshed models) by FY2030 comprising 20 ICE and 6 EVs. Additionally, it will introduce hybrids. The company said the new plant in Pune would be operational in the third quarter of FY26 giving impetus to its growth in India.
Unsoo Kim, MD, HMIL said, 'FY25 business performance demonstrates our ability to navigate the tides by responding quickly to the ever-changing customer aspirations.'
'Hyundai's strong brand presence in key global emerging markets enabled us to endure headwinds and sustain export volumes during the year. The year gone by signifies our resilience in the financial performance by way of sustained revenues & healthy operating margins attributable to improved realisations & effective cost control measures,' he said.
'Looking ahead, we remain cautiously optimistic on domestic demand outlook in near-term amid prevailing macro-turbulences and weakening customer sentiments,' he said.
'While we expect our FY26 domestic growth to be broadly in line with Industry estimates of low-single digit, we are aiming for 7-8% volume growth in exports by improved focus and leveraging our strong brand equity and legacy in the key emerging markets,' he added.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
21 minutes ago
- India.com
India's first hydrogen train to run on THIS route; not Delhi, Mumbai, Kolkata, Bengaluru, Chennai, the route is...
India's first hydrogen train is expected to launch by the end of 2025. (Representational) In a giant leap towards sustainable eco-friendly transportation, the Indian Railways has successfully completed the trial run of the country's first hydrogen train, which runs on hydrogen fuel cell technology, making it highly beneficial to the environment. The trial run took place at the Integral Coach Factory (ICF) in Chennai, which has also developed indigenously developed the technology, according to Union Railway Minister Ashwini Vaishnaw. The minister said that with completion of the test run, India has joined the select list of countries like Sweden, Germany, China and France, which have developed hydrogen fuel technology, adding that the country is now working to a build a 12oo horsepower (hp) hydrogen train. Which route will hydrogen train run on? According to details, during the trial run, the hydrogen-powered train traveled a distance of 89 km on the Jind-Sonipat rail section of Haryana, and it is believed that the eight-coach non-AC hydrogen train will commercially run on this Northern Railway route before the end of this year. The trains will have hydrogen-powered cars on both ends and ICF is preparing to deliver the first hydrogen locomotive by August 31, 2025. The train will run at an average speed of 110 km/h. How much will hydrogen train cost? In 2023, Vaishnaw had informed the Rajya Sabha that Railways Ministry plans to operate 35 hydrogen trains on heritage and hilly routes under the Hydrogen for Heritage initiative at a cost of around Rs 80 crore per train, while Rs 70 crore will be spent on preparing ground infrastructure in plain and hilly areas. The ministry has set aside a budget of Rs 2800 crore for the project, the minister had said. The current pilot project has a total cost of Rs 111.83 crore. Why hydrogen trains are the future? Hydrogen trains are extremely energy efficient and environment friendly when compared to conventional diesel and electric locomotives. Unlike traditional train sets, a hydrogen-powered train does not emit harmful gases like carbon dioxide as it uses hydrogen fuel cell technology to generate electricity which powers the train. The only byproducts of this chemical process are water and steam, which are completely harmless to the environment.
Hans India
21 minutes ago
- Hans India
Indian seafood exporters set to seize larger share of UK market, go global: Govt
New Delhi: With India's vast production capacity, skilled manpower and improved traceability systems, the India-UK trade pact enables domestic exporters to seize a larger share of the UK market and diversify beyond traditional partners like the US and China, the government said on Saturday. The Comprehensive Economic and Trade Agreement (CETA), signed in the presence of Prime Minister Narendra Modi and his UK counterpart Keir Starmer, marks a turning point for India's fisheries sector not just by offering duty-free access to a premium market but also by uplifting coastal livelihoods, enhancing industry revenues, and strengthening India's reputation as a reliable supplier of high-quality, sustainable seafood. "For fisherfolk, processors, and exporters alike, this is a unique opportunity to step onto a larger global stage. This agreement contributes meaningfully to India's broader goal of becoming a global leader in sustainable marine trade," said the Ministry of Fisheries, Animal Husbandry and Dairying in a statement. Indian seafood now competes on par with countries like Vietnam and Singapore, which already benefit from FTAs with the UK (UK-VFTA) and UK-Singapore Free Trade Agreement (UK-SFTA), respectively. This levels the playing field and removes tariff disadvantages that Indian exporters previously faced, especially for high-value products like shrimp and value-added goods, said the ministry. CETA offers zero-duty access on 99 per cent of tariff lines and opens up key services sectors. Notably, for the marine sector, the agreement removes import tariffs on a wide range of seafood products, enhancing Indian exporters' competitiveness in the UK market. This is expected to particularly benefit exports of shrimp, frozen fish, and value-added marine products, boosting India's presence in one of its major seafood destinations alongside labour-intensive sectors like textiles, leather, and gems and jewellery. India's total seafood exports in 2024–25 reached $7.38 billion (Rs 60,523 crore), amounting to 1.78 million metric tonnes. Frozen shrimp remained the top export, accounting for 66 per cent of earnings with $4.88 billion. Marine exports to the UK specifically were valued at $104 million (Rs 879 crore), with frozen shrimp alone contributing $80 million (77 per cent). The key seafood exports to the UK currently include Vannamei shrimp (Litopenaeus vannamei), frozen squid, lobsters, frozen pomfret, and black tiger shrimp - all of which are expected to gain further market share under CETA's duty-free access, according to the government.
Economic Times
38 minutes ago
- Economic Times
Kotak Bank Q1 results: PAT falls 7% YoY to Rs 3,282 crore. NII up 6%
Kotak Mahindra Bank on Saturday reported a 7% year-on-year decline in its standalone net profit for the June quarter at Rs 3,282 crore, compared to Rs 3,520 crore in the year ago period. The net interest income (NII) for Q1FY26 increased to Rs 7,259 crore, up 6% YoY from Rs 6,842 crore in Q1FY25. ADVERTISEMENT This decline was excluding gains on KGI divestment, the company filing said. On June 18, 2024, ZKGI has ceased to be a wholly-owned subsidiary and became an associate of the Bank. However, the net profit numbers came in after adjusting for the one-time gain from the sale of its general insurance business. Including the gain, the unadjusted net profit was significantly higher at Rs 6,250 crore in the year ago period. Advances Average advances for Q1FY26 grew at 14% YoY with Net Advances increasing 14% YoY to Rs 444,823 crore as at June 30, 2025 from Rs 389,957 crore as at June 30, unsecured retail advances including retail microcredit as a percentage of net advances stood at 9.7% as at June 30, 2025. Deposits Average total deposits grew to Rs 4,91,998 crore for Q1FY26, up 13% YoY from Rs 4,35,603 crore for Q1FY25. In this average current deposits grew to Rs 67,809 crore for Q1FY26, up 9% YoY from Rs 62,200 crore for Q1FY25. ADVERTISEMENT Average savings deposits grew to Rs 1,24,186 crore for Q1FY26, up 2% YoY from Rs 1,22,105 crore for Q1FY25 meanwhile average term deposits grew to Rs 3,00,003 crore for Q1FY26, up 19% YoY from Rs 2,51,298 crore for ratio as at June 30, 2025 stood at 40.9% while the TD sweep balance grew 23% YoY to Rs 59,098 crore. ADVERTISEMENT Cost of funds was 5.01% at to Deposit ratio as at June 30, 2025 stood at 86.7%. ADVERTISEMENT Other key takeaways -- Kotak Bank's Net Interest Margin (NIM) was 4.65% for Q1FY26 versus 5.02% in the year ago period.-- Operating profit for Q1FY26 increased to Rs 5,564 crore, up 6% YoY from Rs 5,254 crore in Q1FY25. ADVERTISEMENT -- As at June 30, 2025, GNPA was 1.48% & NNPA was 0.34% versus 1.39% & NNPA was 0.35% at June 30, 2024.-- As at June 30, 2025, Provision Coverage Ratio (PCR) stood at 77%.-- Standalone Return on Assets (ROA) for Q1FY26 (annualized) was 1.94% while Return on Equity (ROE) for Q1FY26 (annualized) was 10.94%.-- Capital Adequacy Ratio of the Bank, as per Basel III, as at June 30, 2025 was 23.0% and CET1 ratio of 21.8% (including unaudited profits). (You can now subscribe to our ETMarkets WhatsApp channel)
