REGISTERS HIGHEST EVER REVENUE AND PROFIT FOR FIRST NINE MONTHS OF FISCAL YEAR
DECLARES INTERIM DIVIDEND OF RS. 100 PER SHARE (5000%)
| Highlights for Q3 FY’25 (Oct‐Dec’24) |
Highlights for YTD FY’25 (April‐Dec’24) |
- Volume – 14.64 lakh units of motorcycles and scooters sold in Q3 FY’25 (vs 14.60 lakh units Q3 FY’24)
- Revenue from operations – Rs.10,211 Crore (vs Rs. 9,724 Crore), reflecting a growth of 5%. over the corresponding quarter in the previous fiscal
- Earnings before Interest, Tax, Depreciation & Amortization (EBITDA) for Q3 FY’25 stands at Rs. 1,476 Crore, a growth of 8%
- Net Profit After Tax (PAT) ‐ at Rs. 1,203 Crore a growth of 12%.
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- Volume – 45.19 lakh units of motorcycles and scooters sold in nine months FY’25
- Revenue from operations – Rs. 30,818 Crore (vs Rs.27,936 Crore), reflecting a growth of 10%. over the corresponding period of previous fiscal
- Earnings Before Interest, Tax, Depreciation, & Amortization (EBITDA) for the nine months stood at Rs. 4,452 Crore, growth of 14 %
- Net Profit After Tax (PAT) – Rs. 3,529 Crore, growth of 20 %
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Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, today, reported its financial performance for the third quarter (October–December 2024) of FY’25.
The company’s Revenue from Operations for the quarter stood at Rs. 10,211 Crore, this is the third consecutive quarter when the Company has reported revenue above Rs.10,000 Crore. Furthermore, the EBITDA margin expanded over the previous year and stood at 14.5%. Profit After Tax (PAT) stood at Rs.1,203 Crore, a growth of 12% over the previous year.
The consolidated Revenue and PAT for the quarter were Rs.10,260 Crore and Rs.1,108 Crore, respectively.
The company declared an interim dividend of Rs. 100 per share i.e. 5000%.
Hero MotoCorp gained market share in the 100cc segment through Splendor and in the 125cc segment through Xtreme 125R and Super Splendor. It also reported the highest-ever quarterly retail sales, led by the highest-ever festive retail.
Hero MotoCorp’s growth was also led by robust performance in both the EV and global businesses. VIDA reported highest-ever monthly retails and gained market share during the quarter. The company also gained momentum in global business, growing ahead of the industry; Bangladesh and Colombia leading the way.
The company recently launched four products at the Bharat Mobility 2025, bolstering presence in premium and scooter segment. The deliveries of the new products will commence in March 2025.
Vivek Anand, Chief Financial Officer (CFO), 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.
“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.”
| Highlights | October – December 2024 |
| Product Strategy |
Launches
- Company unveiled three new motorcycles at EICMA 2024 – the Xpulse 210, the Xtreme 250R and the Karizma XMR 250. It also showcased the VIDA Z electric scooter bringing style and performance to environment-conscious customers
- The company launched the Xpulse 200 4V Dakar Edition inspired by Ross Branch’s phenomenal performance at the 2024 Dakar Rally.
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| Electric Mobility |
- VIDA, Hero MotoCorp’s electric vehicle brand, crossed a significant milestone by achieving the highest-ever retail sales of 11,600 units during the 32-day festive period.
- Hero MotoCorp, has launched the all-new power-packed VIDA V2 range of electric scooters entering the mass market segment
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| Brand |
- Hero MotoCorp and Harley-Davidson announced an extension of existing collaboration to expand the X440 motorcycle into new variants and to develop and manufacture a new motorcycle
- Inaugurated over 50 Hero Premia Stores across the country · Hero MotoCorp achieved its highest-ever festive sales with over 15.98 lakh (1.6 million) units
- Hero MotoCorp launched Hero For Startups (HFS) – a pioneering accelerator program focused on startups to transform mobility for Bharat and beyond
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| Customer Outreach Programs |
- Announced an innovative festive campaign – ‘Shubh Muhurat Aaya, Hero Saath Laya’ marking the third edition of Hero MotoCorp’s Grand Indian Festival of Trust (GIFT). It featured youth icons and actors, Divyendu Sharma and Hansika Motwani in a ground-breaking Gen-AI campaign.
- Hero MotoCorp has unveiled its latest campaign for the Hero Xtreme Power Brand featuring global icon Virat Kohli. The film is centered around the Xtreme brand’s motto, “Challenging the Extreme.”
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| Sports Initiatives |
- Hero MotoSports won the FIM World Rally-Raid Championship (W2RC) 2024 – making it the sixth overall and first Indian manufacturer to earn a FIM world title
- Hero MotoCorp has extended its title sponsorship of the Hero World Challenge through the 2030 playing
- Hero MotoCorp has signed on as the Title Sponsor of the Hockey India League for the next three seasons, starting from 2024-25
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| Sustainability |
- Hero MotoCorp achieved significant recognition by winning the prestigious Sword of Honour from the British Safety Council. The honor was bestowed upon Hero MotoCorp’s Gurugram manufacturing facility for demonstrating excellence in health, safety, and well-being at work.
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