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- Hero MotoCorp Q1 Results 2024 Update; Net Profit, Earning And Share Price
Mumbai43 minutes ago
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Automobile company Hero Moto Corp has earned a net profit (standalone net profit) of Rs 1,122.63 crore in the first quarter of the financial year 2024-25. It has increased by 36.12% on an annual basis. The company had a profit of Rs 824.72 crore in the same quarter a year ago.
Talking about the standalone revenue from the company’s operations, it was Rs 10,143.73 crore in the April-June quarter. It has increased by 15.69% on an annual basis. In the same quarter a year ago, the company had generated a revenue of Rs 8,767.27 crore. The amount received from selling goods and services is called revenue.
Hero MotoCorp’s total income increased by 15.42% increased
In the April-June quarter, the total income of Hero Moto Corp Limited increased by 15.42% year-on-year to Rs 10,375.44 crore. In the first quarter of the financial year 2023-24, the company’s income was Rs 8,989.44 crore. At the same time, the total expense of the company during this period was Rs 8,881.99 crore. The company has released the results of the first quarter today (Tuesday, 13 August).
Hero MotoCorp profit rises 36% in Q1 FY25
on an annual basis
| Hero MotoCorp | FY25 (April-June) | FY24 (April-June) | Change (%) |
| Operational Revenue | ₹10,143.73 | ₹8,767.27 | 15.69% |
| other income | ₹231.71 | ₹222.17 | 4.29% |
| Total Income | ₹10,375.44 | ₹8,989.44 | 15.42% |
| Total Expenses | ₹8,881.99 | ₹7,734.65 | 14.83% |
| Net Profit | ₹1,122.63 | ₹824.72 | 36.12% |
Note – Figures in crores of rupees. Results are standalone…
on a quarterly basis
| Hero MotoCorp | FY25 (April-June) | FY24 (January-March) | Change (%) |
| Operational Revenue | ₹10,143.73 | ₹9,519.30 | 6.56% |
| other income | ₹231.71 | ₹180.04 | 28.70% |
| Total Income | ₹10,375.44 | ₹9,699.34 | 6.97% |
| Total Expenses | ₹8,881.99 | ₹8,349.76 | 6.37% |
| Net Profit | ₹1,122.63 | ₹1,016.05 | 10.49% |
Note – Figures in Rs crore. The results are standalone…
What is standalone profit?
Standalone profit tells the profitability of a single company within a firm. That is, it does not include the associate or subsidiary company of the firm. Standalone profit tells us which business of the firm is making profit and which is not.
Hero Moto Corp shares fell by 1.21% today
Before the results, Hero Moto Corp’s stock closed at Rs 5,229.55 today (Tuesday, August 13) after falling 1.55%. The company’s stock has fallen 1.15% in the last 5 days and 6.72% in a month.
It has given a return of 10.22% in 6 months and 73.70% in one year. Hero Moto Corp’s stock has risen 26.98% this year i.e. from January 1, 2024 till now. The market cap of the company is Rs 1.05 lakh crore.
Hero Moto Corp shares today (Tuesday, August 13) closed at Rs 5,229.55 after falling 1.55%.
Hero Honda Motors Limited was formed in 1984
Hero joined hands with Honda in 1984 and formed a new company, Hero Honda Motors Ltd. After working together for about 27 years, the two companies separated in 2011. Hero started a new venture called HERO MOTOCORP and dropped the Honda brand name and logo. Currently Pawan Munjal is the executive chairman and whole time director of the company.
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