Hero Motocorp Q3 results: Net profit rises 12% to ₹1,203 crore, revenue up 5%, announces interim dividend of ₹100 | Stock Market News
Source: Live Mint
Two-wheeler manufacturer Hero MotoCorp, on Thursday, reported a 12% year-on-year increase in its standalone net profit for the December quarter, reaching ₹1,203 crore compared to ₹1,073 crore in the same period last year.
The figure surpassed market expectations of ₹1,122 crore. Additionally, the company declared an interim dividend of ₹100 per equity share.
The revenue from operations for Q3 FY25 reached ₹10,211 crore, reflecting a 5% increase from ₹9,723 crore recorded in the same quarter of the previous financial year.
Additionally, the company declared an interim dividend of ₹100 per equity share for the financial year 2024-25. The two-wheeler manufacturer has set February 12, 2025, as the record date to determine shareholders eligible for the interim dividend payment.
According to the company’s filing, the dividend payment will be finalized by March 8, 2025.
Hero Motocorp’s investment plans
Additionally, Hero MotoCorp’s board has approved an investment of up to ₹5.15 crore in a Solar Power Wheeling project to supply renewable energy to its plants in Dharuhera and Gurugram under the Group Captive mechanism.
Vivek Anand, Chief Financial Officer (CFO), of Hero MotoCorp, said, “The performance in this quarter and fiscal year, reflects the successful execution of our strategic priorities. Demonstrating strong year-to-date results in both top-line and bottom-line growth, we have achieved the highest-ever nine-month revenue and profits.
Anand further said, “As we move into the next fiscal year, the products launched at Bharat Mobility will further strengthen our presence in the premium and scooter segments. The Union Budget 2025’s emphasis on tax relief for the middle class, along with continued investment in infrastructure and support for the agricultural sector, is expected to boost consumer confidence and drive demand growth in the auto industry.”
The growth was driven by robust performance in both the EV segment and international markets. VIDA achieved its highest-ever monthly retail sales, increasing its market share during the quarter. Globally, Hero MotoCorp surpassed industry growth, with Bangladesh and Colombia leading the expansion.
