Hero Moto Q3 Results: Revenue from operations grew 21% YoY in the quarter to INR 9,724 crore and was higher than an ETnow poll of INR 9,690 crore. The board has recommended an interim dividend of INR 75 a share for the current financial year, and a special dividend of INR 25 a share to mark the centennial year of Chairman Emeritus Brijmohan Lall Munjal.
Accordingly, the Board has fixed 17 February, 2023 as record date for determining entitlement of members for the purpose of payment of interim dividend
Hero MotoCorp Q3 Net Profit Up 23 Per Cent
Hero MotoCorp Q3 Net Profit Up 23 Per Cent
Net profit stood at Rs. 1,084 crore on the back of strong revenue growth. Revenue from operations grew 39.7 per cent to Rs. 9,776 crore.
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Highlights
Net profit for the quarter is reported at Rs. 1,084 crore
Combination of robust sales volumes and key strategic initiatives
Hero MotoCorp reported a 23.7 per cent increase in its quarterly net profit to ₹ 1,084.47 crore during the period from October to December 2020 on the back of strong sales volume. Hero s net profit in Q3 a year ago was ₹ 880 crore. The company s revenue from operations for the third quarter stood at ₹ 9,776 crore, posting 39.7 per cent growth over ₹ 6,997 crore in the same period a year ago. Earnings before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter stood at ₹ 1,414 crore, compared to ₹ 1,039 crore in the same period a year ago.