Hero MotoCorp, one of many world’s largest two-wheeler producers, introduced its June-quarter outcomes at present, post-market hours, reporting a standalone web revenue of ₹1,126 crore, practically flat in comparison with ₹1,123 crore within the year-ago quarter however surpassing analysts’ estimates of ₹1,036 crore, helped by larger exports.
The income from operations stood at ₹9,579 crore, down 5.5% from ₹10,143 crore within the June 2024 quarter. Weak home demand weighed on gross sales, however the impression was partly offset by stronger exports and better automobile costs over the previous yr, serving to restrict the general income decline.
On the working stage, EBITDA stood at ₹1,382 crore in comparison with ₹1,460 crore in the identical quarter final yr, whereas margins remained flat at 14.4%, supported by a richer product combine and value management measures.
On a consolidated foundation, income and revenue after tax got here in at ₹9,728 crore and ₹1,706 crore (vs. ₹1,032 crore beforehand), respectively. The consolidated revenue for the quarter features a one-time acquire of ₹722 crore from the dilution of the corporate’s funding in Ather Power Restricted, which efficiently accomplished its Preliminary Public Providing (IPO) of fairness shares through the quarter.
Between April and June, the corporate offered 13.67 lakh models, decrease than the 15.35 lakh models offered within the corresponding interval final yr and likewise under the 13.81 lakh models offered within the previous March quarter.
Firm eyes festive increase
With the upcoming festive season and a sturdy line-up of recent merchandise, the corporate expects demand to stay wholesome within the coming quarters.
Vivek Anand, Chief Monetary Officer, mentioned, “Our profitability and margins remained resilient, supported by sturdy demand for our entry & deluxe bikes and 125cc scooter segments. We’re witnessing good traction in our electrical mobility enterprise (VIDA), and international operations additionally remained forward of the trade, reflecting the energy of our model in worldwide markets.”
“With beneficial buyer sentiment, upcoming festive season and a sturdy pipeline of recent product launches, we’re con ident of sustaining and driving development within the coming quarters,” he additional added.
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