Hyundai Motor India Q2 profit down by 24%
New delhi, Oct. 29 -- Hyundai Motor India Ltd (HMIL) on Wednesday reported a nearly 24% drop in consolidated net profit to Rs.1,196.16 crore for the second quarter ended September due to higher input costs.The auto major had posted a net profit of Rs.1,572.25 crore for the corresponding July-September quarter last fiscal year.
In a statement, HMIL said it recorded its highest-ever quarterly sales of 2,19,072 units, showing healthy growth of 15% y-o-y and 23% q-o-q. HMIL's total revenue from operations increased to Rs.20,696.05 crore in the second quarter of FY27, from Rs.17,460.82 crore a year ago, a regulatory filing showed.However, total expenses rose to Rs.19,302.18 crore in the September quarter.htc...
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