Hyundai Q1 Net Profit Dips 8% to Rs 1,369 Cr
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Hyundai Motor India's net profit fell 8% to Rs 1,369 crore in Q1 FY24 due to lower sales. Total income also declined.
New Delhi, Jul 30 (PTI) Hyundai Motor India on Wednesday reported 8 per cent year on year decline in its consolidated net profit at Rs 1,369 crore for the first quarter ended June 30, hit by lower sales.
The auto major posted a net profit of Rs 1,490 crore in the April-June quarter of last fiscal.
Total income declined to Rs 16,628 crore for the June quarter as against Rs 17,568 crore in the year-ago period, Hyundai Motor India Ltd said in a regulatory filing.
Shares of the company were trading 0.62 per cent down at Rs 2,087.75 apiece on BSE.
The auto major posted a net profit of Rs 1,490 crore in the April-June quarter of last fiscal.
Total income declined to Rs 16,628 crore for the June quarter as against Rs 17,568 crore in the year-ago period, Hyundai Motor India Ltd said in a regulatory filing.
Shares of the company were trading 0.62 per cent down at Rs 2,087.75 apiece on BSE.
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