Company Overview:
Hero Moto Corp earlier also known as “Hero Honda” is one of India’s first motorcycle manufacturers. The company started in 1984 as a Technological collaboration with Honda, Japan. Before this collaboration, Hero was selling Cycles under the brand name, Hero Cycles. In 2011, Honda group sold its 26% stake in the company to the Munjals (promoters) and ended the JV. Post the termination of JV, the name of the company was changed to Hero Motocorp.
Financial Results:
Hero Moto Corp reported Total revenue for Q2FY25 of ₹ 10,721 Crore up from ₹9,741 Crore in Q2FY24, a rise of 10.0% y-o-y.
Total Expense for Q2FY25 of ₹9,171 Crore up from ₹8,385 Crore in Q2FY24, a rise of 9.4% y-o-y.
Net Profit of ₹ 1,066 Crore up 5.8% from ₹1,007 Crore in Q2FY24.
Earnings per Share is ₹53.19, up 5.6% from ₹50.34 in Q2FY24.
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