5000% Dividend Announced: Auto Stock Reports 51% Rally In Profit, Hits 52-Week High

Large cap company from auto sector, Hero MotoCorp Ltd today announced a jump of 51% year-on-year (YoY) in its net profit to Rs 1073.40 crore for the quarter ended December 2023. The world's largest manufacturer of motorcycles and scooters announced an interim dividend of Rs 75 per share and a special dividend of Rs 25 per share, taking the overall Interim dividend to Rs 100/- share.

Last trading price of Hero MotoCorp shares on BSE is Rs 4908.50 apiece with intraday gain of 2.05% intraday today on BSE. Hero MotoCorp shares rallies 19% in last 1-month and rose 92% in last 1-year. Check details below:

Hero MotoCorp Declares Interim Dividend: As per the BSE filing of the company dated February 9, 2024, "Interim Dividend @3750%, i.e. Rs. 75 per equity shares and a special dividend @1250% i.e. Rs. 25 per equity shares, taking overall interim dividend @5000% i.e. Rs. 100 per equity share for the financial year 2023-24, marking the centennial year of Chairman Emeritus Dr. Brijmohan Lall Munjal. Accordingly, the Board has fixed February 21, 2024 as record date for determining entitlement of members for the purpose of payment of interim & special dividend. The payment of dividend / dispatch of dividend warrants will be completed by March 09, 2024."

Hero MotoCorp Q3: The overall Revenue from Operations for the quarter grew by 21%, and EBITDA margins at 14% improved by 250 bps over the corresponding quarter previous year, aided by commodity cost, leap savings, premiumisation and judicious price changes. The Company's PAT for Q3 stands at Rs. 1,073 Crore, (vs Rs. 711 Crore, corresponding quarter in the previous year) reflecting a growth of 51%. The consolidated Revenue and PAT for the quarter was Rs. 9,788 Crore and Rs. 1,091 Crore. The Company's focus on Parts Accessories & Merchandise (PAM) business has led to the business crossing annualised revenue of Rs. 5,000 Crore. To support growth in this business, the Company has planned for an expansion of its capacity with an outlay of Rs. 600 Crore.

Mr. Niranjan Gupta, Chief Executive Officer (CEO), Hero MotoCorp, said, "The government's emphasis on infrastructure development, while ensuring fiscal prudence in its recent interim budget, has created a conducive business and economic environment, which would facilitate higher growth and job creation. Our recent launches in premium segment have met with early success, and we are ramping up capacity of our upper premium models. At the Hero World event in the month of January, we unveiled 2 more premium motorcycles‐ the Xtreme 125 R, and Mavrick 440. We will keep fortifying our premium portfolio backed by strong brand building and best in class 'phygital' customer experience. Moving forward, our Margin shape will allow us to fuel our growth even more."

Hero MotoCorp Shares Performance & Return: The 52-week high price of Hero MotoCorp shares on BSE is Rs 4924.05 apiece and 52-week low price is Rs 2246.75 apiece, respectively. The company has a market capitalisation of Rs 98,114.61 crore. Hero MotoCorp shares surged 55% in last 3-months, offered return of 61% in last 6-months, gained 80% in last 2-years, and rallied 40% in last 3-years. Hero MotoCorp EPS (TTM) is 172.52, PE 28.45, and ROE 19.27.

About: Hero MotoCorp Limited is the world's largest manufacturer of two wheelers. It has four manufacturing facilities based in Dharuhera and Gurgaon in Haryana Haridwar in Uttarakhand and Neemrana in Rajasthan. It offers a range of bikes starting from CD Dawn CD Deluxe Splendor Plus Splendor NXG Passion and Passion Pro.