Hyundai Motor India, the second-largest player in the passenger vehicle market after Maruti Suzuki, is set to announce its Q3FY25 results today. This is an important result as after listing this is the first results at the end of a complete quarter. The stock was listed on October 22, 2024. Ahead of the announcement, the company’s shares are trending higher with over 1% gains intra-day.
The company’s market capitalisation stands at Rs 1.35 lakh crore, with a 52-week high of Rs 1,970.00 and a 52-week low of Rs 1,633.00. At the current price of Rs 1,651.50, the stock is approximately just 1.14% above its 52-week low of Rs 1,633.00.
Stock performance: Hyundai Motor India Vs Nifty 50
Hyundai Motor India’s stock performance has shown a downward trend in recent periods. Over the past five days, the share price of Hyundai Motor India has declined by 65.80 points, or 3.81%. Since the listing of the shares on the Indian bourses, the Hyundai Motor India share price has dropped by 7.86%.
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On the other hand, the Nifty 50 index has had a mixed performance. In the past five days, it has seen a slight decline of 0.05%. Over the last six months, the Nifty 50 has fallen by 1,767.40 points, or 7.12%. However, in the past year, the Nifty 50 has gained 1,331.10 points, or 6.12%.
Q3FY25 earnings announcement: Date, time, and key details
In a regulatory filing on January 21, Hyundai Motor India announced that its board of directors will meet on January 28, 2025, to approve the unaudited financial results for Q3 and the nine months ending December 31, 2024.
In the exchange filing the company said, “we wish to inform you that a meeting of the Board of Directors of Hyundai Motor India Limited (‘the Company’) is scheduled to be held on Tuesday, 28th January 2025 to inter-alia, consider and approve the Un-audited Financial Results of the Company (Standalone and Consolidated) for the quarter and nine months ended December 31, 2024.”
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In its Q2FY25 results, Hyundai Motor India reported a 16% drop in net profit,
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