HERO MOTOCORP REPORTS REVENUE OF RS. 28,836 CRORE IN FY’20 (APR’19-MAR’20)

PROFIT AFTER TAX (PAT) AT RS. 3,633 CRORE FOR THE FISCAL (FY’20)
DIVIDEND AT 4500% (INCLUDING INTERIM DIVIDEND OF 3250 %) FOR FY’20
New Delhi, June 09, 2020
“The FY’20 was a challenging year for the auto industry globally, and yet we at Hero MotoCorp had some positive takeaways from the year. Be it strengthening our presence in the premium motorcycle and scooter segments or swiftly transforming to the BS-VI emission norms, our teams ensured that we continue to strengthen the brand core in a sluggish market. We ended the year with a standout showcase of our technology and the future roadmap at Hero World 2020. “While the COVID-19 pandemic has pushed several timelines, we have successfully navigated through the unprecedented times with business continuity. As we now rapidly scale-up operations post the lockdown, it will be critical that the industry receives support from all quarters.
“As businesses and governments continue to learn and adapt to this evolving situation, strategic measures are needed to rapidly boost the customer sentiment and bring vitality to the market through focused economic measures.”Dr. Pawan Munjal Chairman & CEO, Hero MotoCorp

Hero MotoCorp, the world’s largest manufacturer of scooters and motorcycles, today reported its financial performance for the fourth quarter (January – March ’20) of the financial year 2020 (FY’20). The Company’s Revenue from Operations for the quarter stood at Rs. 6,238 Crore vs Rs. 7,885 cr in Q4 FY’19 and Profit after Tax (PAT) at Rs. 621 Crore vs Rs. 730 cr in Q4 FY’19. The EBITDA margin for the quarter stood at 10.6%.Revenue and EBITDA for the quarter was impacted due to lockdown and one off items. Excluding the same, Revenue would have been Rs 7,403 cr, at underlying EBITDA margin of 13.5% Consolidated Revenue and PAT stood at Rs. 6,334 Crore and Rs. 614 cr respectively for the quarter. The Company declared a final dividend of Rs. 25 per share which together with the interim dividend of Rs 65 per share aggregates to Rs. 90 per share.
Mr. Niranjan Gupta, Chief Financial Officer (CFO), Hero MotoCorp,said “As we march towards rapid recovery from lockdown, we have taken several measures towards saving cost , improve productivity of spends, and conserve cash. We have rationalized capex spends for the financial year by half, doubled target for the Leap-II program, and launched an initiative to improve the productivity of our overheads. All these initiatives, coupled with new launches and innovative digital solution for sales and marketing, will help us to tackle the uncertainties caused by the pandemic. We will continue to monitor our plans, and stay prepared dynamically to do course correction if and when required.”

Highlights |Q4 FY’20 (Jan-Mar‘20) Highlights | FY’20 (Apr’19-Mar’20)

Sales of 13.23Lacs two-wheeler unitsduring the quarter

Revenue from Operations: Rs. 6,238Crore (vs. Rs.7,885Cr. of Q4 FY’19)

Earnings Before Interest, Tax, Depreciation, &Amortization (EBITDA) stood at Rs. 660 Crore; reflecting 10.6%EBITDA margin (vs. 13.6% for Q4 FY’19

Profit After Tax (PAT) stands at Rs. 621Crore (vs Rs. 730Crin Q4 -FY’19

Highlights | FY’20 (Apr’19-Mar’20

Sales of 63.98Lacstwo-wheeler units in FY’20

Revenue from Operations: Rs.28,836Crore (vs. Rs. 33,651Cr. inFY’19)

Earnings Before Interest, Tax, Depreciation, & Amortization (EBITDA) stood at Rs. 3,958 Crore; reflecting 13.7% EBITDAmargin (vs. 14.7% for the corresponding period last year

Profit After Tax (PAT) stands at Rs. 3,633Crore (vs Rs. 3,385Cr. In FY 19