Hero MotoCorp Announces Rs 65 Per Share Dividend
Hero MotoCorp Ltd. has declared a final dividend of Rs 65 per share on the face value of Rs 2 per equity share. This announcement is subject to the approval of the company's members at the upcoming 42nd Annual General Meeting.
The payment of the dividend or the dispatch of dividend warrants will be completed within 30 days following the declaration at the AGM, as per the exchange filing.
For the fiscal year 2025, the total dividend declared by Hero MotoCorp stands at Rs 165 per share.
In its fourth-quarter results for FY25, Hero MotoCorp reported a 4.4% increase in standalone revenue, reaching Rs 9,939 crore compared to Rs 9,519 crore in the same period last year. This figure slightly exceeded Bloomberg's estimate of Rs 9,756 crore.
The company's net profit also saw a 6.4% rise, amounting to Rs 1,081 crore, up from Rs 1,016 crore, though it fell short of the Bloomberg estimate of Rs 1,124 crore.
Earnings before interest, taxes, depreciation, and amortisation grew by 4.1% to Rs 1,416 crore, compared to Rs 1,359 crore in the previous year, aligning closely with Bloomberg's estimate of Rs 1,390 crore. The Ebitda margin stood at 14.2%, slightly down from 14.3% last year but matching Bloomberg's forecast.
The company's stock rose 2.30% on Tuesday and was trading 2% higher after the financial results. The benchmark Nifty 50 was trading 1.32% lower at the same time.
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