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Hyundai Motor India shares drop 3% on weak Q2 numbers; profit tanks 16% YoY

Business Standard LogoBusiness Standard1d ago

Hyundai Motor India shares drop 3% on weak Q2 numbers; profit tanks 16% YoY - Business Standard

Quick Summary:

Hyundai Motor India launched its initial public offering (IPO) in October this year.

Hyundai Motor India, the Indian arm of Hyundai Motor Company, is the world’s third-largest auto OEM by passenger vehicle sales.

At the operating level, earnings before interest, tax, depreciation, and amortisation (Ebitda) fell by 10 per cent Y-o-Y to Rs 2,205 crore in the September quarter from Rs 2,440 crore reported in the corresponding quarter of FY24.

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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 14:56:55 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 542 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23549281

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