Hero MotoCorp Limited’s Board of Directors has declared and approved an interim dividend of ₹100 (5000%) per equity share.
On February 10, 2025, Hero MotoCorp share price opened at ₹4,306.30 and closed at ₹4,205.00, down by 1.63%. The stock price touched its day’s low at ₹4,170.10.
The company has declared an interim dividend of 5000%, i.e., ₹100 per equity share with a nominal value of ₹2 each, for the financial year 2024-25. The Board has set February 12, 2025, as the record date to determine the entitlement of members for the dividend. The payment or dispatch of dividend warrants will be completed by March 8, 2025.
The company reported Revenue from Operations of ₹10,211 crore for the quarter, marking the third consecutive quarter with revenue exceeding ₹10,000 crore. The EBITDA margin improved compared to the previous year, reaching 14.5%. Profit After Tax (PAT) stood at ₹1,203 crore, reflecting a 12% growth year-on-year.
The consolidated Revenue and PAT for the quarter were ₹10,260 crore and ₹1,108 crore, respectively.
Hero MotoCorp, formerly known as Hero Honda, is one of India’s motorcycle manufacturers. The company was established in 1984 through a technological collaboration with Honda, Japan. Prior to this partnership, the Hero brand was known for selling bicycles under the name Hero Cycles.
In 2011, the Honda Group sold its 26% stake in the company to the Munjals (the promoters), bringing an end to the joint venture. Following the dissolution of the partnership, the company was rebranded as Hero MotoCorp.
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Published on: Feb 11, 2025, 8:56 AM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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