Latest news with #Xtreme250R
Time of India
15-05-2025
- Automotive
- Time of India
Hero MotoCorp shares climb 5% as JM Financial re-initiates coverage with ₹4,700 target
Hero MotoCorp shares jumped 4.9per cent to their day's high of ₹4,268 on the BSE after domestic brokerage firm JM Financial re-initiated coverage on the stock with a 'Buy' rating and a target price of ₹4,700, indicating a potential upside of 15per cent over the closing price on Wednesday. The revised outlook comes as the brokerage firm projects strong growth for the two-wheeler major, supported by new product launches, EV segment expansion, and a recovery in rural demand. During Q4 FY25, Hero MotoCorp reported net sales of ₹99.4 billion, registering a 4per cent year-on-year increase, though sales declined by 3per cent quarter-on-quarter. Volumes for the quarter stood flat year-on-year but dropped by 6per cent QoQ to approximately 1.38 million units. The decline was attributed to a temporary production halt between April 17 and 19 for maintenance and supply chain realignment, with production expected to normalize by May 2025. The margin improvement in the ICE segment was notable, with a 50-bps increase to 16.1per cent YoY, led by a favourable product mix and lower raw material costs. However, margins in the EV business remained under pressure, with price hikes implemented to offset costs arising from the OBD-2B norms. Profit after tax (PAT) for the quarter stood at ₹10.8 billion, representing a 6per cent YoY increase but a 10per cent decline QoQ. The brokerage firm noted that the decline on a sequential basis was attributed to higher expenses related to new product launches and EV ramp-up. Hero MotoCorp highlighted strong demand prospects driven by rural recovery and the marriage season in May and June, which is expected to boost domestic two-wheeler demand by 6-7per cent in FY26. The company also gained 250 basis points of market share in the 125cc+ segment during FY25, supported by the success of new launches like the Xtreme 125R, Xtreme 250R, and Xpulse 210. In the scooter segment, Hero improved its market share by 140 bps on a QoQ basis in Q4, driven by good response to the new Destini 125 and recently launched Xoom 125 / Xoom 160. On the EV front, Hero MotoCorp exited March 2025 with a 7per cent market share in the electric two-wheeler (E2W) segment, up from 3per cent in March 2024. This growth was primarily driven by the launch of VIDA V2, supported by price intervention and targeted brand-building efforts. The company has filed for Production Linked Incentive (PLI) benefits for VIDA Pro and expects approval by July 2025. Additionally, Hero also plans to introduce two new affordable EVs in 1HFY26, aiming to ramp up monthly production to 25,000-30,000 units. Investment in the EV segment stood at ₹1.43 billion in Q4 FY25. The company also expanded its electric three-wheeler (E3W) segment through the acquisition of a 34.1per cent stake in Euler Motors for ₹5.1 billion. Hero MotoCorp continues to maintain its leadership position in retail sales and is optimistic about the upcoming festive season. Channel inventory was reported at a normalised level of 4-5 weeks as of Q4 FY25, with management expecting a step-up in the festive season. The company also reported a financing penetration rate of 50per cent in Q4 and 63per cent for the full fiscal year FY25, with management aiming for further expansion in the financing penetration rate. Outlook on profitability, however, remains cautious as the company maintains a long-term margin guidance of 14-16per cent, with a continued focus on cost-saving measures and operational leverage.
Time of India
15-05-2025
- Automotive
- Time of India
Hero MotoCorp shares climb 5% as JM Financial re-initiates coverage with Rs 4,700 target
Hero MotoCorp shares jumped 4.9% to their day's high of Rs 4,268 on the BSE after domestic brokerage firm JM Financial re-initiated coverage on the stock with a 'Buy' rating and a target price of Rs 4,700, indicating a potential upside of 15% over the closing price on Wednesday. The revised outlook comes as the brokerage firm projects strong growth for the two-wheeler major, supported by new product launches, EV segment expansion, and a recovery in rural demand. During Q4 FY25, Hero MotoCorp reported net sales of Rs 99.4 billion, registering a 4% year-on-year increase, though sales declined by 3% quarter-on-quarter. Volumes for the quarter stood flat year-on-year but dropped by 6% QoQ to approximately 1.38 million units. The decline was attributed to a temporary production halt between April 17 and 19 for maintenance and supply chain realignment, with production expected to normalize by May 2025. The margin improvement in the ICE segment was notable, with a 50-bps increase to 16.1% YoY, led by a favourable product mix and lower raw material costs. However, margins in the EV business remained under pressure, with price hikes implemented to offset costs arising from the OBD-2B norms. Profit after tax (PAT) for the quarter stood at Rs 10.8 billion, representing a 6% YoY increase but a 10% decline QoQ. The brokerage firm noted that the decline on a sequential basis was attributed to higher expenses related to new product launches and EV ramp-up. Also read: Can Zomato and Swiggy overcome profitability challenges amidst strong competition? Hero MotoCorp highlighted strong demand prospects driven by rural recovery and the marriage season in May and June, which is expected to boost domestic two-wheeler demand by 6-7% in FY26. The company also gained 250 basis points of market share in the 125cc+ segment during FY25, supported by the success of new launches like the Xtreme 125R, Xtreme 250R, and Xpulse 210. In the scooter segment, Hero improved its market share by 140 bps on a QoQ basis in Q4, driven by good response to the new Destini 125 and recently launched Xoom 125 / Xoom 160. On the EV front, Hero MotoCorp exited March 2025 with a 7% market share in the electric two-wheeler (E2W) segment, up from 3% in March 2024. This growth was primarily driven by the launch of VIDA V2, supported by price intervention and targeted brand-building efforts. The company has filed for Production Linked Incentive (PLI) benefits for VIDA Pro and expects approval by July 2025. Additionally, Hero also plans to introduce two new affordable EVs in 1HFY26, aiming to ramp up monthly production to 25,000-30,000 units. Investment in the EV segment stood at Rs 1.43 billion in Q4 FY25. The company also expanded its electric three-wheeler (E3W) segment through the acquisition of a 34.1% stake in Euler Motors for Rs 5.1 billion. Also read: Muthoot Finance shares fall 5% even as Q4 PAT jumps 22% YoY, loan AUM hits record high Hero MotoCorp continues to maintain its leadership position in retail sales and is optimistic about the upcoming festive season. Channel inventory was reported at a normalised level of 4-5 weeks as of Q4 FY25, with management expecting a step-up in the festive season. The company also reported a financing penetration rate of 50% in Q4 and 63% for the full fiscal year FY25, with management aiming for further expansion in the financing penetration rate. Outlook on profitability, however, remains cautious as the company maintains a long-term margin guidance of 14-16%, with a continued focus on cost-saving measures and operational leverage.
Economic Times
15-05-2025
- Automotive
- Economic Times
Hero MotoCorp shares climb 5% as JM Financial re-initiates coverage with Rs 4,700 target
Hero MotoCorp shares jumped 4.9% to their day's high of Rs 4,268 on the BSE after domestic brokerage firm JM Financial re-initiated coverage on the stock with a 'Buy' rating and a target price of Rs 4,700, indicating a potential upside of 15% over the closing price on Wednesday. ADVERTISEMENT The revised outlook comes as the brokerage firm projects strong growth for the two-wheeler major, supported by new product launches, EV segment expansion, and a recovery in rural demand. During Q4 FY25, Hero MotoCorp reported net sales of Rs 99.4 billion, registering a 4% year-on-year increase, though sales declined by 3% quarter-on-quarter. Volumes for the quarter stood flat year-on-year but dropped by 6% QoQ to approximately 1.38 million units. The decline was attributed to a temporary production halt between April 17 and 19 for maintenance and supply chain realignment, with production expected to normalize by May 2025. The margin improvement in the ICE segment was notable, with a 50-bps increase to 16.1% YoY, led by a favourable product mix and lower raw material costs. However, margins in the EV business remained under pressure, with price hikes implemented to offset costs arising from the OBD-2B after tax (PAT) for the quarter stood at Rs 10.8 billion, representing a 6% YoY increase but a 10% decline QoQ. The brokerage firm noted that the decline on a sequential basis was attributed to higher expenses related to new product launches and EV ramp-up. Also read: Can Zomato and Swiggy overcome profitability challenges amidst strong competition? ADVERTISEMENT Hero MotoCorp highlighted strong demand prospects driven by rural recovery and the marriage season in May and June, which is expected to boost domestic two-wheeler demand by 6-7% in FY26. The company also gained 250 basis points of market share in the 125cc+ segment during FY25, supported by the success of new launches like the Xtreme 125R, Xtreme 250R, and Xpulse 210. ADVERTISEMENT In the scooter segment, Hero improved its market share by 140 bps on a QoQ basis in Q4, driven by good response to the new Destini 125 and recently launched Xoom 125 / Xoom the EV front, Hero MotoCorp exited March 2025 with a 7% market share in the electric two-wheeler (E2W) segment, up from 3% in March 2024. This growth was primarily driven by the launch of VIDA V2, supported by price intervention and targeted brand-building efforts. ADVERTISEMENT The company has filed for Production Linked Incentive (PLI) benefits for VIDA Pro and expects approval by July 2025. Additionally, Hero also plans to introduce two new affordable EVs in 1HFY26, aiming to ramp up monthly production to 25,000-30,000 units. ADVERTISEMENT Investment in the EV segment stood at Rs 1.43 billion in Q4 FY25. The company also expanded its electric three-wheeler (E3W) segment through the acquisition of a 34.1% stake in Euler Motors for Rs 5.1 billion. Also read: Muthoot Finance shares fall 5% even as Q4 PAT jumps 22% YoY, loan AUM hits record high Hero MotoCorp continues to maintain its leadership position in retail sales and is optimistic about the upcoming festive season. Channel inventory was reported at a normalised level of 4-5 weeks as of Q4 FY25, with management expecting a step-up in the festive season. The company also reported a financing penetration rate of 50% in Q4 and 63% for the full fiscal year FY25, with management aiming for further expansion in the financing penetration on profitability, however, remains cautious as the company maintains a long-term margin guidance of 14-16%, with a continued focus on cost-saving measures and operational leverage. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Hindustan Times
15-05-2025
- Automotive
- Hindustan Times
Hero MotoCorp reports a profit of ₹1081 crore in Q4 FY25. What supported this growth?
₹1081 crore in Q4 FY25. What supported this growth? data-item-target-url=/auto/news/ data-item-story-segment=N/A> Hero Motocorp excelled in exports and introduced new ICE and EV models in FY25, solidifying its leadership in the domestic two-wheeler market. (REUTERS) Check Offers Hero MotoCorp has reported a strong financial performance for the quarter and full fiscal year ending March 31, 2025. The company posted a consolidated net profit of ₹ 1,081 crore for the March quarter (Q4 FY25), marking a 6 per cent year-on-year increase compared to ₹ 1,016 crore in the same period last year. With this performance, Hero MotoCorp retained its position as the market leader for the 24th consecutive year, closing both FY25 and calendar year 2024 at the top of the domestic two-wheeler industry. It attributed this robust growth to rising demand in the premium motorcycle and scooter segments, as well as the growing traction of its electric vehicle (EV) portfolio. Strong export performance, outpacing broader industry trends, also played a key role in the overall growth. Also Read : Hero XPulse 210 deliveries begin from new Premia dealerships Revenue from operations in Q4 FY25 rose 4 per cent YoY to ₹ 9,939 crore, up from ₹ 9,519 crore in the March 2024 quarter. Hero MotoCorp also recorded its highest-ever annual revenue and profit after tax (PAT) in FY25. Total revenue from operations reached ₹ 40,923 crore, an 8 per cent increase over FY24, while PAT surged 17 per cent YoY to ₹ 4,376 crore. Hero Motorcorp: Exports and product expansion In its annual report released earlier at the end of FY25, Hero MotoCorp had registered significant gains in exports. It announced that it had shipped 2,87,429 units during FY 2024-25, a 43 per cent rise over the last fiscal. This increase is an indication of the company's overall plan to deepen its global presence. Also Read : Hero HF 100 receives OBD-2B compliance, priced at ₹ 60,118 The group diversified its ICE and EV offerings in the year with the introduction of a number of new models. These were the Xtreme 250R, Xpulse 210, Destini 125, Xoom 125 and Xoom 160, and the VIDA V2 electric scooter. The introductions are designed to address both commuter and premium segments, as well as move deeper into the electric vehicle market. Hero retailed 4,35,828 units alone in March 2025 and the company logged 54,45,251 retail sales for the financial year. On the wholesale end, the company shipped 5,899,187 units in the course of a year. In March 2025, there were 549,604 units shipped to dealers, a 12 per cent year-on-year jump from last year in the same period. Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape. First Published Date: 15 May 2025, 09:00 AM IST
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
