Hero MotoCorp Ltd share Price

Hero MotoCorp (HMCL) is the world’s largest 2-W manufacturer by volume, with domestic market share at 34.5% as of FY22. Its suite of popular models includes Splendor, Passion, Glamour, etc.

• Rural geographies form ~50% sales; 48.3% FY22 motorcycle market share
• Debt-free b/s with strong return ratios; healthy >50% dividend payout ratio
• On ground EV presence currently limited to ~35%+ stake in Ather Energy

The company reported a muted performance in Q4FY22.

• Revenues were down 5.9% QoQ to with volumes declining 8% QoQ
• EBITDA margins came in at 11.2% in Q4FY22, down 100 bps QoQ
• Consequent standalone PAT was at ₹ 627 crore, down 8.6% QoQ

Q4FY23 Quarterly & FY23 Annual Result Announced for Hero MotoCorp Ltd.

Automobile company Hero MotoCorp announced Q4FY23 & FY23 results:

• Q4FY23:
  • Volume – 12.70 lakh units of motorcycles and scooters sold in Q4FY23 (vs 11.89 lakh units Q4FY22)
  • Revenue from operations – Rs 8,307 crore, a growth of 12% over Q4FY22
  • Earnings Before Interest, Tax, Depreciation, & Amortization (EBITDA) for Q4FY23 stands at Rs 1,083 crore, a growth of 31%
  • Profit Before Tax (PBT) at Rs 1,147 crore, a growth of 43%
  • Net Profit After Tax (PAT) - Rs 859 crore, a growth of 37%
• FY23:
  • Volume – 53.29 lakh units of motorcycles and scooters sold in FY23 (vs 49.44 lakh units FY22)
  • Revenue from operations – Rs 33,806 crore, a growth of 16% over FY22
  • Earnings Before Interest, Tax, Depreciation, & Amortization (EBITDA) for FY23 stands at Rs 3,986 crore, a growth of 18%
  • Profit Before Tax (PBT) at Rs 3,875 crore, a growth of 19%
  • Net Profit After Tax (PAT) - Rs 2,911 crore, a growth of 18%
• The company declared a final dividend of Rs 35/- per share taking the total dividend for the year to Rs 100/- i.e 5000% on the face value of Rs 2 per share

Niranjan Gupta, Chief Executive Officer (CEO), Hero MotoCorp, said, “The company has been able to drive margin expansion and profitable growth this quarter through a judicious combination of pricing, savings, and mix. In line with our policy, we have declared overall dividend for the year at Rs 100/share, which continues to be in top quartile in terms of payout ratio.

In coming fiscal year, we have lined up slew of product launches in different segments with an aim to strengthen our premium portfolio as well as premiumization of existing models, which will help us deliver improvement in market share.

We are accelerating our EV rollout, with plan to be in 100 cities within this calendar year. Apart from exclusive Vida outlets in certain cities, we will be using our existing distribution system across cities to ensure wider reach. The recent price revision now makes Vida accessible to more customers, and we expect this will increase the EV transition in scooter category.

Economic activity in India continues to build momentum with key indicators moving in positive direction. We do expect 2 wheeler industry revenue growth to be double-digit in coming year.”

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