Hero MotoCorp Surpasses Revenue Estimates, Declares 65 Rupees Dividend

Image Source : Business Today

Hero MotoCorp has reported strong financial results for the fourth quarter, exceeding revenue expectations while maintaining steady profitability. The company has also announced a final dividend of 65 rupees per share, reinforcing its commitment to shareholder returns.

Financial Performance and Market Trends:
- Revenue from operations stood at 99.39 billion rupees, surpassing the IBES estimate of 97.38 billion rupees, reflecting strong demand and operational efficiency.
- Net profit for the quarter was recorded at 10.81 billion rupees, slightly below the IBES estimate of 10.95 billion rupees, indicating stable earnings performance.
- The company’s board has recommended a final dividend of 65 rupees per share, continuing its trend of rewarding investors.
- Hero MotoCorp is observing strong retail traction, particularly in its new premium motorcycles and scooter offerings, which are driving sales momentum.
- The company remains optimistic about its near-to-mid-term outlook, citing sustained demand, strategic product launches, and favorable market conditions.

Sources:
Economic Times, Moneycontrol, Business Standard, Hero MotoCorp Press Release.