Hero Motocorp, the world’s largest two-wheeler manufacturer from India has reported record sales for the 4thquarter of FY 2013-14 (January-March 2014). The company sold the highest ever number of two-wheelers at 15,89,462 for the quarter.
The company’s total turnover in the quarter grew to Rs 6512.96 crore, a growth of 6 per cent over Rs. 6145.75 crore recorded in the corresponding quarter in last fiscal.
Also, the company sold a total of more than 62 lakh units of two-wheelers in this fiscal. The total turnover stood at Rs 25275.47 crore for 2013-14, as compared to Rs.23,768.11 crore. The company reported profit after tax (PAT) of Rs 2109.08 crore.
Based on the solid performance, the company has decided to pay a dividend of Rs 65 per share to its stakeholders.
Here we have the key highlights of the company’s performance in Q4 2014
- Total sales for Q4 stands at 15,89,462 units
- Total turnover (Net sales and other operating income) Rs 6512.96 crore
- Net profit after tax stands at Rs 554.43 crore
- EBIDTA margin for the quarter 13.73 per cent
And here we have the highlights for the full FY2014
- Total unit sales of 62,45,960 two-wheelers
- Total turnover (Net sales and other operating income) of Rs 25,275.47. crore
- Net profit after tax stands at Rs 2109.08 crore
- Total dividend of Rs 65 per share
- EBIDTA margin for the year 14.01 per cent
- EPS of Rs 105.61 /-
Commenting on the performance, Pawan Kant Munjal, MD & CEO, Hero Motocorp said
“These numbers are reflective of our new strategic approach focused on bringing path-breaking technologies and consolidating our leadership. FY’14 was all about setting new benchmarks, which culminated with the sales of 6.25 million during the year – our highest-ever sales for any financial year.
However, the industry continued to witness tepid growth during FY’14, although the sentiments did improve in the second half of the year, starting with the festival season in October. In FY’15, we have an action-packed year ahead of us with a slew of new products lined up for launch and further expansion of our global footprint.
The country has just entered a new era of governance. After three long decades, a single political party has come to power with such a huge majority, and it is clearly a mandate for good governance, development and inclusive growth. With the new government expected to speed up the reforms process and improve the investment climate, we look forward to a revival of the economy and the industry this year.”