Hero MotoCorp Ltd. key Merchandise/Income Segments embody Motorised Two Wheelers Upto 350cc Engine Capability, Spares (Two Wheelers), Sale of providers, Different Working Income and Responsibility Downside for the yr ending 31-Mar-2024.
Financials
For the quarter ended 31-12-2024, the corporate has reported a Consolidated Complete Earnings of Rs 10566.31 crore, down -1.45 % from final quarter Complete Earnings of Rs 10721.59 crore and up 5.33 % from final yr similar quarter Complete Earnings of Rs 10031.43 crore. The corporate has reported web revenue after tax of Rs 1200.12 crore within the newest quarter. The corporate’s high administration contains Dr.Pawan Munjal, Mr.Rajnish Kumar, Air M’shal (Retd.)B S Dhanoa, Ms.Camille Tang, Ms.Tina Trikha, Mr.Pradeep Dinodia, Mr.Suman Kant Munjal, Ms.Vasudha Dinodia, Mr.Vikram S Kasbekar, Prof.Jagmohan Singh Raju. Firm has Deloitte Haskins & Sells LLP as its auditors. As on 31-12-2024, the corporate has a complete of 20 crore shares excellent. Funding Rationale
Axis Securities monitoring (1) Hero?s roadmap within the EV product portfolio, together with investments in Ather, the ramp-up of VIDA V2, and the launch of the sub-Rs 1 Lc Vida V2 Lite catering to mass markets; (2) Technique within the mid-weight MC phase amidst rising competitors; (3) Growth into new worldwide markets. Moreover, authorities initiatives to boost rural revenue, increased disposable revenue (as introduced within the latest Union Funds), and the wedding season are anticipated to drive 2W business progress, benefiting Hero, significantly within the entry and 125cc segments. Consequently, the brokerage estimates an 8%/9%/9% CAGR in Income/EBITDA/PAT over FY24-27E. Key dangers are a) Macro Financial Uncertainty, b) Elevated competitors Depth. Promoter/FII Holdings
Promoters held 34.74 per cent stake within the firm as of 31-Dec-2024, whereas FIIs owned 27.95 per cent, DIIs 18.04 per cent.
(Disclaimer: Suggestions given on this part or any stories hooked up herein are authored by an exterior get together. Views expressed are that of the respective authors/entities. These don’t signify the views of Financial Occasions (ET). ET doesn’t assure, vouch for, endorse any of its contents and hereby disclaims all warranties, categorical or implied, regarding the identical. Please seek the advice of your monetary adviser and search impartial recommendation.
