Hero MotoCorp has continued its strong financial performance for the second quarter (July–September 2024) of FY25 and for H1 FY25 (April–September 2024). The Company reported quarterly revenue of Rs 10,463 crore, (vs Rs 9,445 crore in the previous year), reflecting a growth of 11 percent. On an H1 FY25 basis, the Company reported a revenue of Rs 20,607 crore, (vs Rs 18,213 crore in the previous year), reflecting a growth of 13 percent.
The Company also reported its highest-ever quarterly revenue from Parts, Accessories, and Merchandising at Rs 1456 crore. The EBITDA margin for the quarter expanded over the previous year by 40 bps and stood at 14.5 percent. Profit After Tax (PAT) stood at Rs 1,204 crore, a growth of 14 percent over the previous year.
On an H1 FY25 basis, the EBITDA margin expanded over the previous year by 50 bps and stood at 14.4 percent, while the Profit After Tax (PAT) stood at Rs 2,326 crore, a growth of 24 percent over the corresponding period in the previous year. The consolidated Revenue and PAT for the quarter were Rs 10,483 crore and Rs 1,066 crore, respectively. For H1 FY25, the consolidated numbers for Revenue and PAT were Rs 20,694 crore and Rs 2,099 crore, respectively.
Niranjan Gupta, Chief Executive Officer (CEO), Hero MotoCorp, said, “We have continued our exceptional performance in Q2 FY’25, once again creating a new high in both topline and bottomline. Our strong focus on cash management has resulted in us delivering strong cash flow, strengthening our financial position even further. “
“While our existing lineup of strong brands continues to deliver in the Entry and Deluxe segment, our journey to build a powerful portfolio in the premium segment is progressing with pace. As unveiled in EICMA, we will see three more models in this segment in the next 6 months ‐ Xpulse 210, Xtreme 250R and Karizma XMR 250. Apart from portfolio, we will continue to expand Premia stores targeting to cross 100 by the end of the current fiscal year. Our strong financials will allow us to now aggressively invest behind brand building.”
Gupta added, “The recently concluded festive season saw us clocking our highest ever retails at 16 lakh units, backed by higher demand from the rural sector. We believe that the strong monsoon will help the momentum in the Industry going forward. The fundamentals look good for the Indian economy in general and two-wheeler industry in particular”
