NEW DELHI: Two-wheeler maker Hero MotoCorp Ltd on Wednesday reported a 16.7 per cent rise in consolidated revenue after tax to Rs 943.46 crore within the fourth quarter ended on March 31, 2024, using on greater gross sales. The firm had posted a consolidated revenue after tax of Rs 810.8 crore in the identical interval a 12 months in the past, Hero MotoCorp mentioned in a regulatory submitting.
Consolidated income from operations through the quarter beneath evaluate stood at Rs 9,616.68 crore as in opposition to Rs 8,434.28 crore within the corresponding interval a 12 months in the past, it added.
Hero MotoCorp mentioned it bought 13.92 lakh models of bikes and scooters in Q4 FY24 as in opposition to 12.70 lakh models in Q4 FY23.
Total bills had been greater at Rs 8,427.36 crore within the fourth quarter as in comparison with Rs 7,508.94 crore in the identical interval a 12 months in the past.
For the fiscal ended March 31, 2024, consolidated revenue after tax was at Rs 3,742.16 crore as in comparison with Rs 2.799.9 crore within the earlier fiscal.
Consolidated income from operations for FY24 stood at Rs 37,788.62 crore as in comparison with Rs 34,158.38 crore in FY23, it added.
Hero MotoCorp mentioned it bought 56.21 lakh models of bikes and scooters in FY24 as in comparison with 53.29 lakh models in FY23.
“During the year, our focus on product launches, network upgrades and customer satisfaction drove us to new heights. From the highest number of product launches to the expansion of new format retail outlets and upgrade at super speed, to a digital-first approach in premium, we set the building blocks in place for accelerated growth in future,” Hero MotoCorp Chief Executive Officer Niranjan Gupta mentioned.
On the outlook, he mentioned, “Moving forward, we expect the macroeconomic factors to aid the industry’s growth. With commodity prices remaining stable, expectations of normal monsoons, and government spending expected to increase, we see multiple tailwinds for the sector over the upcoming quarters.”
Gupta additional mentioned the corporate might be driving market share beneficial properties on the again of launches within the premium and 125 cc phase achieved in FY 24.
The firm’s board has beneficial a closing dividend of Rs 40 per share on the face worth of Rs 2 per fairness share topic to approval of the shareholders at the following annual normal assembly, the submitting added.
“This dividend together with an interim and special dividend, marking the centennial year of Chairman Emeritus Dr Brijmohan Lall Munjal of Rs.100 per equity share, takes the aggregate total dividend for the year 2023-24 to Rs 140 per equity share,” the corporate mentioned.
Consolidated income from operations through the quarter beneath evaluate stood at Rs 9,616.68 crore as in opposition to Rs 8,434.28 crore within the corresponding interval a 12 months in the past, it added.
Hero MotoCorp mentioned it bought 13.92 lakh models of bikes and scooters in Q4 FY24 as in opposition to 12.70 lakh models in Q4 FY23.
Total bills had been greater at Rs 8,427.36 crore within the fourth quarter as in comparison with Rs 7,508.94 crore in the identical interval a 12 months in the past.
For the fiscal ended March 31, 2024, consolidated revenue after tax was at Rs 3,742.16 crore as in comparison with Rs 2.799.9 crore within the earlier fiscal.
Consolidated income from operations for FY24 stood at Rs 37,788.62 crore as in comparison with Rs 34,158.38 crore in FY23, it added.
Hero MotoCorp mentioned it bought 56.21 lakh models of bikes and scooters in FY24 as in comparison with 53.29 lakh models in FY23.
“During the year, our focus on product launches, network upgrades and customer satisfaction drove us to new heights. From the highest number of product launches to the expansion of new format retail outlets and upgrade at super speed, to a digital-first approach in premium, we set the building blocks in place for accelerated growth in future,” Hero MotoCorp Chief Executive Officer Niranjan Gupta mentioned.
On the outlook, he mentioned, “Moving forward, we expect the macroeconomic factors to aid the industry’s growth. With commodity prices remaining stable, expectations of normal monsoons, and government spending expected to increase, we see multiple tailwinds for the sector over the upcoming quarters.”
Gupta additional mentioned the corporate might be driving market share beneficial properties on the again of launches within the premium and 125 cc phase achieved in FY 24.
The firm’s board has beneficial a closing dividend of Rs 40 per share on the face worth of Rs 2 per fairness share topic to approval of the shareholders at the following annual normal assembly, the submitting added.
“This dividend together with an interim and special dividend, marking the centennial year of Chairman Emeritus Dr Brijmohan Lall Munjal of Rs.100 per equity share, takes the aggregate total dividend for the year 2023-24 to Rs 140 per equity share,” the corporate mentioned.
