This automobile company will give a dividend of Rs 21, planning to introduce 26 new models by 2030
Veteran Automobile company Hyundai Motor India on Friday introduced the fourth quarter results of FY 2024-25. The company said that during this time their integrated net profit fell by 4 per cent to Rs 1614 crore. The company’s profits have decreased mainly due to the decrease in sales in the domestic market. The company had a net profit of Rs 1677 crore in the same quarter of FY 2023-24. Hyundai Motor India Limited said in a information to the stock market on Friday that its total operational income increased to Rs 17,940 crore, which was Rs 17,671 crore in the same quarter of 2023-24.
The company sold a total of 1,53,550 vehicles in the fourth quarter
The company said it sold 1,53,550 vehicles in the domestic market in the fourth quarter, while it was 1,60,317 in the same period of FY 2023-24. Hyundai’s exports increased to 38,100 in the fourth quarter, compared to 33,400 in the same period a year ago. In the entire financial year 2024-25, the company’s integrated net profit fell 7 percent to Rs 5640 crore, which was Rs 6060 crore in 2023-24. During this period, the company’s income was Rs 69,193 crore, which was Rs 69,829 crore in 2023-24.
Board recommends dividend of Rs 21
In the last financial year, the company’s domestic sales decreased to 5,98,666 units, while it was 6,14,721 units in FY 2023-24. In the last financial year, the company’s exports remained stable at 1,63,386 units, while it was 1,63,155 units in FY 2023-24. The company said that the board has recommended a final dividend of Rs 21 on each stock with a face value of Rs 10 for FY 2024-25. The company said that they are planning to introduce 26 models including 6 electric vehicles between the current financial year and FY 2029-30.
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