Hyundai Motor India Reports 23% Drop in Q4 Profit, Declares Dividend
Hyundai Motor India Q4 Results: Profit falls 23% YoY to Rs 1,221 crore; Rs 21/share dividend declared
The Economic Times
Image: The Economic Times
Hyundai Motor India announced a 23% year-on-year decline in standalone net profit for Q4, totaling ₹1,221 crore. Despite this drop, the company reported a 5% increase in revenue, reaching ₹18,452 crore. A dividend of ₹21 per share has also been declared for FY26.
- 01Standalone net profit fell by 23% YoY to ₹1,221 crore.
- 02Revenue from operations increased by 5% YoY to ₹18,452 crore.
- 03The profit in the same quarter last year was ₹1,582 crore.
- 04Hyundai declared a dividend of ₹21 per share for FY26.
- 05The results reflect ongoing challenges in the automotive sector.
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Hyundai Motor India reported a 23% year-on-year decline in its standalone net profit, amounting to ₹1,221 crore for the quarter ending March 2023, down from ₹1,582 crore in the previous year. Despite this profit drop, the company saw a 5% increase in revenue from operations, which totaled ₹18,452 crore, compared to ₹17,562 crore in the same quarter last year. The company also declared a dividend of ₹21 per share for fiscal year 2026, indicating a commitment to returning value to shareholders despite the profit decline. The results highlight ongoing challenges in the automotive sector, which may impact future performance.
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The decline in profit may lead to concerns among investors, while the revenue growth indicates some resilience. The declared dividend provides a cushion for shareholders amidst fluctuating profits.
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