SK Hynix shares ticked up 4.5% to ₹1,300.5 on the NSE after the company posted a record Q3 net profit of ₹39.78 trillion.
Revenue surged 327.9% YoY to ₹104.62 trillion, eclipsing the LSEG SmartEstimate of ₹98.34 trillion, and marking the first time the company crossed the ₹100 trillion threshold.
Operating profit leapt 632.1% YoY to ₹83.33 trillion, outpacing the ₹76.72 trillion consensus and lifting the gross margin to 25.1% from 18.3% in the prior year.
The surge was driven by high‑bandwidth memory chips powering AI infrastructure, with Q3 sales of HBM3E and HBM4 up 31.9% and 37.6% respectively from Q2.
The board approved a third‑quarter dividend of ₹14 trillion and a ₹20 trillion share‑buyback, with half earmarked for cancellation and the rest for employee compensation. The company plans to return ₹100 trillion to shareholders this year, including ₹30 trillion in dividends and ₹60 trillion in buybacks, while ramping up production at its M15X facility to meet projected demand through 2030.
Management reiterated its 2024 guidance and signalled that HBM4 shipments will exceed HBM3E in Q4, with long‑term contracts covering over 50% of capacity for 2027‑28, positioning the firm for sustained growth.