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 MotoCorp Ltd reported Revenues for Q4FY24 of ₹9,519.00 Crores up from ₹8,307.00 Crore year on year, a rise of 14.59%.
Total Expenses for Q4FY24 of ₹8,350.00 Crores up from ₹7,398.00 Crores year on year, a rise of 12.87%.
Consolidated Net Profit of ₹1,016.00 Crores up 18.28% from ₹859.00 Crores in the same quarter of the previous year.
The Earnings per Share is ₹50.82, up 18.24% from ₹42.98 in the same quarter of the previous year.
*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.
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