Hero MotoCorp Q4 net profit rises to 18%, declares Rs 40 dividend

Hero Motocorp reports 2.49% jump in share price after recording 18% YoY increase in standalone net profit to ₹1,016 cr & 14% jump in standalone revenue to ₹9,519 cr in Q4FY24, marking its highest ever revenue & PAT.

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Hero Motocorp achieves record sales of 13.92 lakh units of motorcycles & scooters in Q4FY24, compared to 12.70 lakh units in Q4FY23, with total units sold reaching 56.21 lakh for the entire financial year, up from 53.29 lakh units in FY23.

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EBITDA for Q4FY24 grows by 25% YoY to ₹1,359 cr, while profit before tax stands at ₹1,350 cr , reflecting strong financial performance & strategic actions.

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Niranjan Gupta, CEO of Hero MotoCorp, highlights the remarkable period for the company, driven by product launches, network upgrades, & customer satisfaction. He emphasizes the robust financial performance, setting the stage for accelerated growth in the future.

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Gupta sees industry growth backed by stable prices, good monsoons, and govt. spending. Hero plans to boost market share with through premium & 125 cc segment launches and focus on EV product launches in the mid & affordable segments

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Hero Motocorp's stock gains nearly 44.55% in the last six months & 77% in the last one year on NSE, reflecting investor confidence in the company's strong financial performance & growth prospects.

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Hero MotoCorp Q4 net profit rises to 18%, declares Rs 40 dividend

Hero Motocorp reports 2.49% jump in share price after recording 18% YoY increase in standalone net profit to ₹1,016 cr & 14% jump in standalone revenue to ₹9,519 cr in Q4FY24, marking its highest ever revenue & PAT.

Hero Motocorp's Strong Financial Performance

Hero Motocorp achieves record sales of 13.92 lakh units of motorcycles & scooters in Q4FY24, compared to 12.70 lakh units in Q4FY23, with total units sold reaching 56.21 lakh for the entire financial year, up from 53.29 lakh units in FY23.

Record-breaking Sales Performance

EBITDA for Q4FY24 grows by 25% YoY to ₹1,359 cr, while profit before tax stands at ₹1,350 cr , reflecting strong financial performance & strategic actions.

Robust Financial Metrics

Niranjan Gupta, CEO of Hero MotoCorp, highlights the remarkable period for the company, driven by product launches, network upgrades, & customer satisfaction. He emphasizes the robust financial performance, setting the stage for accelerated growth in the future.

CEO's Perspective on Fiscal Year 2024

Gupta sees industry growth backed by stable prices, good monsoons, and govt. spending. Hero plans to boost market share with through premium & 125 cc segment launches and focus on EV product launches in the mid & affordable segments

Positive Outlook & Growth Strategy

Hero Motocorp's stock gains nearly 44.55% in the last six months & 77% in the last one year on NSE, reflecting investor confidence in the company's strong financial performance & growth prospects.

Impressive Stock Performance

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