Hero MotoCorp’s Q3 profit rises 12% to Rs 1,203 cr
Mumbai: Hero MotoCorp reported a 12% year-on-year increase in standalone net profit for the December quarter, reaching Rs 1,203 crore compared to Rs 1,073 crore in the same period last year, Mint reported.
The company also declared an interim dividend of Rs 100 per equity share for the financial year 2024-25, setting February 12, 2025, as the record date for shareholder eligibility, with payment to be finalised by March 8, 2025.
Revenue from operations for Q3 FY25 stood at Rs 10,211 crore, reflecting a 5% rise from Rs 9,723 crore in the corresponding quarter of the previous financial year.
Alongside its earnings, Hero MotoCorp’s board approved an investment of Rs 5.15 crore in a Solar Power Wheeling project under the Group Captive mechanism, aimed at supplying renewable energy to its Dharuhera and Gurugram plants.
Commenting on the results, Hero MotoCorp’s Chief Financial Officer Vivek Anand 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.”
He added that the products introduced at Bharat Mobility would further bolster the company’s presence in the premium and scooter segments in the next fiscal year.
Anand also highlighted that the Union Budget 2025’s focus on tax relief for the middle class, infrastructure investment, and agricultural support would likely drive consumer confidence and demand growth in the auto industry.
The company’s growth was propelled by strong performance in both the electric vehicle segment and international markets.
VIDA recorded its highest-ever monthly retail sales during the quarter, gaining market share. Hero MotoCorp also outpaced industry growth globally, with Bangladesh and Colombia leading its expansion.
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