Hero MotoCorp, one of the world’s largest two-wheeler manufacturers, released its March quarter results on Tuesday, May 13, reporting a 6% year-on-year increase in consolidated net profit to ₹1,081 crore, beating Street estimates of ₹1,016 crore.
Revenue from operations during the reporting quarter exceeded expectations, coming in at ₹9,939 crore compared to analysts’ estimates of ₹9,705 crore. In the March 2024 quarter, the company had reported a net profit of ₹1,061 crore and revenue of ₹9,519 crore.
On the operating front, EBITDA stood at ₹1,416 crore, in line with estimates and marking a 4.2% increase compared to ₹1,359 crore in the same quarter last year.
The company reported its highest-ever annual revenue from operations and profit after tax (PAT) for FY25, amounting to ₹40,756 crore and ₹4,610 crore, respectively.
On the volume front, Hero MotoCorp sold 13.81 lakh units of motorcycles and scooters in Q4 FY25, in line with estimates of 13.80 lakh units. However, this was slightly lower than the 13.92 lakh units sold in the same quarter last year and 14.63 lakh units in the December quarter. For the full fiscal year FY25, total sales stood at 58.99 lakh units.
The company has declared a final dividend of ₹65 per equity share. Including the interim dividend of ₹100 per share, the total dividend for FY2024–25 amounts to ₹165 per equity share, representing a payout of 8,250%, as per the company’s Q4 earnings’ filing.
