Mumbai18 minutes ago
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Between January and March, the company has sold 13.81 lakh two-wheelers.
The country’s largest two-wheeler manufacturer Hero MotoCorp will pay a dividend of Rs 65 per share. The company gave this information on Tuesday (May 13) with the results of the fourth quarter of FY 2024-25.
Hero said that in the January-March quarter, she has made a net profit of Rs 1,081 crore (Stand Alone Net Profit). It has increased by 6.39% on an annual basis. The company’s profit was ₹ 1,016 crore in the same quarter of a year ago.
Hero MotoCorp’s total income increased by 5%
In the fourth quarter, the total income of Hero MotoCorp rose 4.77% to Rs 10,162 crore on an annual basis. The company’s total income was Rs 9,699 crore in the same quarter of last year.
The results of the company are as expected
The market experts hoped that Hero MotoCorp’s profit in the fourth quarter of FY 2024-25 would be around Rs 1100 crore. According to this, the company has performed as expected from the market analysts. Its positive impact can be seen on the company’s shares in the coming days.
Stand alone results only means performance of segment
Companies’ results come in two parts- Stand Alone and Consolidated. The stand alone shows only one unit or financial performance of the segment. Whereas, the data of the entire company is released in the concelled or consolidated financial report.
How is the performance of Hero MotoCorp shares?
Hero MotoCorp’s stock is trading at 4,053 levels today with a rise of 1.70%. The company’s stock has climbed 6.54% in a month. Whereas, it has fallen 10.33% in the last 6 months, 17.05% in a year and 3.14% from this year i.e. January 1. Hero MotoCorp’s market cap is Rs 81,700 crore.
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