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News Topical, Digital Desk : Hyundai Motor, an auto sector company listed on BSE 200, has presented its first quarter results. According to the information provided by the company, its profit, income, EBITDA and margin have all seen a decline compared to last year. The company's stock was under pressure since the beginning of today's trading. After the results, the stock has tried to recover a bit. However, the stock has remained in the red mark.
How were the quarterly results?
The company's profit fell by 8 percent to Rs 1369 crore compared to last year, which was Rs 1489.6 crore a year ago. The company's income has seen a decline of 5.4 percent on a year-on-year basis. Income has come down from Rs 17344 crore to Rs 16413 crore. EBITDA has come down from Rs 2340 crore to Rs 2185 crore compared to last year. There was a decline of 6.6 percent on a year-on-year basis. Margins were at 13.3 percent in the last quarter, which was at 13.5 percent a year ago.
How was the performance of the stock? Pressure has been seen in the stock since the beginning of trading. With the results, the stock tried to cover some of the losses but the stock remains in the red mark. The stock today reached a low of 2075.55 against the previous closing level of 2100.85. After the results, the stock rose above the level of 2085.
Read More: Q1 Results: Company's earnings jump by Rs 4,670 crore but stock falls by more than 7%
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