Latest news with #VikramS.Kasbekar
Mint
13-05-2025
- Automotive
- Mint
Hero MotoCorp revenue rises 9% in FY25 amid EV push, export boom
Hero MotoCorp Ltd, which sells about one in four motorcycles and scooters in the country, reported strong earnings in the financial year 2024-25, buoyed by higher exports and strong demand for its new premium motorcycles. The Delhi-based company's revenue from operations rose 9% to ₹ 40,756 crore for the fiscal year ended 31 March. Its earnings before interest, taxes, depreciation, and amortisation, or Ebitda, margin for the year increased 40 basis points to 14.4% due to higher sales of premium motorcycles. Its net profit during the year jumped 16% to ₹ 4,610 crore. 'Our success during the year was underpinned by robust growth across the premium, scooter, and EV segments, fuelled by several new product launches,' Vikram S. Kasbekar, executive director and acting chief executive officer at Hero MotoCorp, said in a statement. The country's largest two-wheeler maker recorded ₹ 9,939 crore revenue in January-March, an year-on-year rise of 4%. Net profit increased 6% to ₹ 1,081 crore. 'Export volumes outpaced industry trends, and we further expanded our premium retail footprint across India while entering new global markets,' Kasbekar added. The company's exports surged 44% to 289,668 units in FY25, becoming a key growth driver. Hero MotoCorp sold 5.9 million scooters and motorcycles in FY25, rising 5% from the year prior. This pace of growth, however, was far slower than its erstwhile partner Honda Motorcycle and Scooter India Pvt Ltd's 18% rise, which helped it sell 5.3 million two-wheeler sales. FY25 proved to be remarkable for Hero's EV ambitions, as Vida scooter sales soared by 175% to 48,674 units. Consequently, their market share more than doubled to 4.2% from 1.8%, signaling a strong push to catch up with EV rivals like TVS Motor Company and Bajaj Auto. The company's focus on international markets will deepen as it seeks to enter the European Union and the United Kingdom markets by the second half of 2025. 'Looking ahead, we remain optimistic about the near‐to‐mid‐term outlook. Key macroeconomic indicators, including revised income tax slabs, repo rate cuts, a strengthening rural economy, and a favorable monsoon forecast, are expected to support industry growth,' Vivek Anand, chief financial officer at Hero MotoCorp, said. However, analysts are cautious about the company's growth prospects. 'We believe while Hero retains dominance in the 125–160cc space, the lack of traction in premium ICE bikes and evolving EV dynamics could lead to below-industry growth in FY26,' Sanket Kelaskar, analyst- institutional equity at Ashika Group, said. Kelaskar explained that although the company is pushing hard on the electric vehicle front, Hero struggled to scale above the 200cc+ segment amid intense competition from Royal Enfield and Triumph. Hero's growth has lagged behind its rival TVS Motor Company, whose full-year profit grew by over 30% to ₹ 2,710 crore, while revenue rose 14% to ₹ 36,309 crore. In FY25, the company launched five premium motorcycles ranging from Xtreme250r to XPulse 210. In the electric vehicle segment, it will now try to expand in the three-wheeler segment by acquiring a majority stake in Euler Motors. Hero is currently present in the two-wheeler segment only. During the last financial year, the two-wheeler maker saw high-level exits, including CEO Niranjan Gupta and chief business officer Ranjivjit Singh. Shares of Hero MotoCorp's settled 1.8% higher at ₹ 4,055.50 apiece on the BSE on Tuesday. Nifty Auto index fell 1%.
News18
13-05-2025
- Automotive
- News18
Hero MotoCorp Q4 PAT Rises 6% YoY To Rs 1,081 Crore; Declares Rs 65 Dividend Per Share
Last Updated: Hero MotoCorp, India's largest two-wheeler manufacturer, reported a 6% year-on-year (YoY) increase in standalone net profit Hero MotoCorp Q4 Results: Hero MotoCorp, India's largest two-wheeler manufacturer, reported a 6% year-on-year (YoY) increase in standalone net profit to Rs 1,081 crore for the March quarter. Revenue from operations rose 4% YoY to Rs 9,519 crore. The company's board has recommended a final dividend of Rs 65 per share, pending shareholder approval at the upcoming Annual General Meeting (AGM). The dividend will be paid within 30 days post-AGM. EBITDA for the quarter grew 4% YoY to Rs 1,416 crore, while profit before tax (PBT) stood at Rs 1,442 crore, marking a 7% increase. Hero MotoCorp sold 13.81 lakh two-wheelers—including motorcycles and scooters—during the quarter. For the full financial year FY25, the company posted record-high revenue and profit of Rs 40,756 crore and Rs 4,610 crore, respectively. EBITDA margin improved to 14.4%, up 40 basis points from the previous year, supported by a better product mix, cost optimisation, and softer commodity prices. Hero attributed its strong annual performance to solid growth across the premium, scooter, and electric vehicle (EV) segments, backed by a series of new product launches. Export volumes also outperformed the broader market trend, and the company widened its premium retail footprint both domestically and internationally. 'We are seeing strong retail traction in our premium and scooter portfolio. Growth in the 125cc segment, along with continued consolidation in our core business and an upcoming EV launch, sets the stage for continued momentum," said Vikram S. Kasbekar, Executive Director and Acting CEO, Hero MotoCorp. During FY25, Hero ramped up its premium offerings with launches such as the Xtreme 250R, Xpulse 210, and 2024 Xtreme 160R 2V. In scooters, new models included the Destini 125, Xoom 125, and Xoom 160. The company also logged its highest-ever EV sales, registering a nearly 200% jump over FY24. As of Tuesday, Hero MotoCorp shares were trading 0.14% higher at Rs 3,990 on the NSE. First Published: May 13, 2025, 15:14 IST
Economic Times
13-05-2025
- Automotive
- Economic Times
Hero MotoCorp Q4 Results: Standalone PAT rises 6% YoY to Rs 1,081 crore; dividend declared at Rs 65/share
India's leading two-wheeler maker, Hero MotoCorp, on Tuesday reported a 6% year-on-year (YoY) growth in its standalone net profit, which stood at Rs 1,081 crore for the fourth quarter. Revenue from operations rose 4% YoY to Rs 9,519 crore. ADVERTISEMENT The Board has recommended a final dividend of Rs 65 per share, subject to approval by the shareholders at the upcoming Annual General Meeting (AGM). The dividend payment will be completed within 30 days of the AGM. The company's EBITDA came in at Rs 1,416 crore, marking a 4% YoY growth. Profit Before Tax (PBT) for the quarter stood at Rs 1,442 crore, reflecting a 7% increase. The company sold 13.81 lakh units of motorcycles and scooters during the the full year FY25, Hero MotoCorp reported its highest-ever revenue and profit at Rs 40,756 crore and Rs 4,610 crore, EBITDA margin for the year stood at 14.4%, marking an improvement of 40 basis points over the previous year. The margin expansion was driven by a favourable product mix, improved cost efficiencies, and lower commodity costs. ADVERTISEMENT Hero MotoCorp said its strong performance during the year was underpinned by robust growth across the premium, scooter, and EV segments, driven by several new product volumes outpaced industry trends, and the company further expanded its premium retail footprint across India while also entering new global markets. ADVERTISEMENT 'We are observing strong retail traction, especially in our new premium and scooter offerings. Continued consolidation in the core segment, growth in the 125cc category, and the upcoming EV launch position us well for sustained momentum,' said Vikram S. Kasbekar, Executive Director and Acting CEO, Hero company continued to accelerate its premiumization strategy with the launch of several new high-end models during FY25, including the Xtreme 250R, Xpulse 210, and the 2024 edition of the Xtreme 160R 2V. In the scooter segment, it reinforced its presence with the introduction of the New Destini 125, Xoom 125, and Xoom 160. ADVERTISEMENT Hero MotoCorp also recorded its highest-ever EV sales, marking a nearly 200% increase over FY24. On Tuesday, Hero MotoCorp shares were trading 0.14% higher at Rs 3,990 on the NSE. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
13-05-2025
- Automotive
- Time of India
Hero MotoCorp Q4 Results: Standalone PAT rises 6% YoY to Rs 1,081 crore; dividend declared at Rs 65/share
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel India's leading two-wheeler maker, Hero MotoCorp , on Tuesday reported a 6% year-on-year (YoY) growth in its standalone net profit, which stood at Rs 1,081 crore for the fourth quarter. Revenue from operations rose 4% YoY to Rs 9,519 Board has recommended a final dividend of Rs 65 per share, subject to approval by the shareholders at the upcoming Annual General Meeting (AGM). The dividend payment will be completed within 30 days of the company's EBITDA came in at Rs 1,416 crore, marking a 4% YoY growth. Profit Before Tax (PBT) for the quarter stood at Rs 1,442 crore, reflecting a 7% company sold 13.81 lakh units of motorcycles and scooters during the the full year FY25, Hero MotoCorp reported its highest-ever revenue and profit at Rs 40,756 crore and Rs 4,610 crore, EBITDA margin for the year stood at 14.4%, marking an improvement of 40 basis points over the previous year. The margin expansion was driven by a favourable product mix, improved cost efficiencies, and lower commodity MotoCorp said its strong performance during the year was underpinned by robust growth across the premium, scooter, and EV segments, driven by several new product volumes outpaced industry trends, and the company further expanded its premium retail footprint across India while also entering new global markets.'We are observing strong retail traction, especially in our new premium and scooter offerings. Continued consolidation in the core segment, growth in the 125cc category, and the upcoming EV launch position us well for sustained momentum,' said Vikram S. Kasbekar, Executive Director and Acting CEO, Hero company continued to accelerate its premiumization strategy with the launch of several new high-end models during FY25, including the Xtreme 250R, Xpulse 210, and the 2024 edition of the Xtreme 160R 2V. In the scooter segment, it reinforced its presence with the introduction of the New Destini 125, Xoom 125, and Xoom MotoCorp also recorded its highest-ever EV sales, marking a nearly 200% increase over Tuesday, Hero MotoCorp shares were trading 0.14% higher at Rs 3,990 on the NSE.
