Bigul

HERO MOTOCORP LTD. - 500182 - Announcement under Regulation 30 (LODR)-Change in Directorate

Prof. Jagmohan Singh Raju has been re-appointed as an Independent Director for a term of five (5) years with effect from November 15, 2023 up to November 14, 2028 subject to the approval of shareholders at the ensuing Annual General Meeting of the Company. Prof. Raju is not debarred from holding the office of Director by virtue of any order of SEBI or any other such authority and he is not disqualified to be re-appointed as an Independent Director. Requisite details as required under Regulation 30 are enclosed in the Annexure.
04-05-2023
Bigul

HERO MOTOCORP LTD. - 500182 - Book Closure For AGM And Determining Entitlement Of Members For Final Dividend, If Declared At The AGM

Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Register of Members and Share Transfer Books of the Company will remain closed from Friday, July 28, 2023 till Wednesday, August 09, 2023 (both days inclusive) for the purpose of 40th AGM and determining entitlement of the members for the final dividend (if declared at the AGM).
04-05-2023
Bigul

HERO MOTOCORP LTD. - 500182 - Annual General Meeting On Wednesday, August 9, 2023

Convening of 40th Annual General Meeting (AGM) of the Company on Wednesday, August 9, 2023.
04-05-2023
Bigul

HERO MOTOCORP LTD. - 500182 - Corporate Action-Board approves Dividend

The Board of Directors at its meeting held today, viz. May 4, 2023, recommended final dividend subject to approval of members @ 1750% i.e. Rs. 35 per share (face value of Rs. 2 per equity share). The dividend, if declared at the ensuing AGM, will be paid by September 8, 2023.
04-05-2023
Bigul

Q4FY23 Quarterly & FY23 Annual Result Announced for Hero MotoCorp Ltd.

Automobile company Hero MotoCorp announced Q4FY23 & FY23 results: Q4FY23: Volume – 12.70 lakh units of motorcycles and scooters sold in Q4FY23 (vs 11.89 lakh units Q4FY22) Revenue from operations – Rs 8,307 crore, a growth of 12% over Q4FY22 Earnings Before Interest, Tax, Depreciation, & Amortization (EBITDA) for Q4FY23 stands at Rs 1,083 crore, a growth of 31% Profit Before Tax (PBT) at Rs 1,147 crore, a growth of 43% Net Profit After Tax (PAT) - Rs 859 crore, a growth of 37% FY23: Volume – 53.29 lakh units of motorcycles and scooters sold in FY23 (vs 49.44 lakh units FY22) Revenue from operations – Rs 33,806 crore, a growth of 16% over FY22 Earnings Before Interest, Tax, Depreciation, & Amortization (EBITDA) for FY23 stands at Rs 3,986 crore, a growth of 18% Profit Before Tax (PBT) at Rs 3,875 crore, a growth of 19% Net Profit After Tax (PAT) - Rs 2,911 crore, a growth of 18% The company declared a final dividend of Rs 35/- per share taking the total dividend for the year to Rs 100/- i.e 5000% on the face value of Rs 2 per share Niranjan Gupta, Chief Executive Officer (CEO), Hero MotoCorp, said, “The company has been able to drive margin expansion and profitable growth this quarter through a judicious combination of pricing, savings, and mix. In line with our policy, we have declared overall dividend for the year at Rs 100/share, which continues to be in top quartile in terms of payout ratio. In coming fiscal year, we have lined up slew of product launches in different segments with an aim to strengthen our premium portfolio as well as premiumization of existing models, which will help us deliver improvement in market share. We are accelerating our EV rollout, with plan to be in 100 cities within this calendar year. Apart from exclusive Vida outlets in certain cities, we will be using our existing distribution system across cities to ensure wider reach. The recent price revision now makes Vida accessible to more customers, and we expect this will increase the EV transition in scooter category. Economic activity in India continues to build momentum with key indicators moving in positive direction. We do expect 2 wheeler industry revenue growth to be double-digit in coming year.” Result PDF
04-05-2023
Bigul

HERO MOTOCORP LTD. - 500182 - Announcement under Regulation 30 (LODR)-Press Release / Media Release

Please find enclosed herewith a copy of the Press Release being issued by the Company.
04-05-2023
Bigul

HERO MOTOCORP LTD. - 500182 - Audited Standalone And Consolidated Financial Results For The Quarter And Financial Year Ended March 31, 2023

The Board of Directors at its meeting held today, viz. May 4, 2023, has considered and approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2023. A copy of duly signed audited financial results along with audit reports and declaration in respect of audit reports with unmodified opinion under Regulation 33 of Listing Regulations, is enclosed. A press release issued in this regard, is also enclosed.
04-05-2023
Bigul

HERO MOTOCORP LTD. - 500182 - Board Meeting Outcome for Outcome Of Board Meeting

The Board of Directors at its meeting held today, viz. May 4, 2023 has considered and approved the matters given in the attached file.
04-05-2023
Bigul

HERO MOTOCORP LTD. - 500182 - Announcement under Regulation 30 (LODR)-Allotment

This is to inform you that the Nomination & Remuneration Committee (NRC) of the Company at its meeting held today viz. May 3, 2023, has allotted 1,936 equity shares of face value of Rs. 2/- each to the eligible employees of the Company who have exercised their stock options/units under the Plans framed under Employee Incentive Scheme 2014, details enclosed. These shares shall rank pari passu with the existing equity shares of the Company in all respects. With this allotment, the paid-up share capital of the Company has increased to Rs. 39,96,83,308 divided into 19,98,41,654 equity shares of face value of Rs. 2/- each.
03-05-2023
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