Hyundai Motor’s profit decreased by 19% in the third quarter: Revenue declined by 1.3% to ₹ 16,323 crore, the stock dropped 11% in a year

Automobile company Hyundai Motor India Limited has received a net profit of Rs 1,161 crore in the third quarter of FY 2024-25. It has reduced by 19% on an annual basis. The company made a profit of Rs 1,425 crore in the same quarter of a year ago.

Hyundai Motor’s consolidated operational revenue declined by 1.3% to Rs 16,323 crore in the October-December quarter. The company’s revenue was Rs 16,512 crore in the same quarter of a year ago. The amount received from selling goods and services is called revenue or revenue.

Total income declined by 2% to Rs 16,892 crore

Talking about total income in the third quarter, Hyundai Motor has earned Rs 16,892 crore. It has declined by 2.03% on an annual basis. In the same quarter of FY 2023-24, the company earned a total of Rs 17,243 crore.

Hyundai’s share dropped 11% in a year

After the results, Hyundai Motor’s stock has fallen 1% to close at Rs 1,627 today (Tuesday, January 28). The company’s stock has fallen 10% in the last one month.

At the same time, it has fallen 12% in the last 6 months and 11% in a year. Hyundai Motor’s stock has fallen 9.58% since this year i.e. January 1, 2024. The company’s market-cap is Rs 1.32 lakh crore.