Hero MotoCorp Q2 results FY25 reported a 10.8% year-on-year increase in the consolidated revenue from operations. On the Hero MotoCorp results date which was November 14, 2024, the Hero MotoCorp share price closed at ₹4,604.
Hero MotoCorp Q2 Results FY25: Key Highlights
- Hero MotoCorp Q2 results pointed out that the consolidated net profit rose to ₹1,203.54 crores on a 10.8% rise in revenue from operations to ₹10,463.21 crores in Q2 FY25 over Q2 FY24.
- EBITDA stood at ₹1,516 crores in Q2 FY25, registering a growth of 14% YoY. EBITDA margin for the quarter expanded over the previous year by 40 bps and stood at 14.5%.
- Hero MotoCorp results also reported its highest-ever quarterly revenue from Parts, Accessories, and Merchandising at ₹1,456 crores.
- The firm sold 15.20 lakh units of motorcycles and scooters in Q2 FY25 as compared with 14.16 lakh units sold in Q2 FY24.
Here are the sales of Hero MotoCorp results as of October 2024 in FY25:
| Particulars / (Units Sold) | FY’25 (As on October 2024) | FY’24 (As on October 2023) | YoY Change |
|---|---|---|---|
| Motorcycles | 34,92,877 | 30,99,029 | 12.71% |
| Scooters | 2,41,054 | 2,45,001 | -1.61% |
| Total Sales | 37,33,931 | 33,44,030 | 11.66% |
Hero MotoCorp share price generated positive returns of 1.87% in the last 1 day (as on November 14, 2024).
Hero MotoCorp Q2 Results: Management Commentary
Niranjan Gupta, Chief Executive Officer (CEO) of the Hero MotoCorp, said that – “We have continued our exceptional performance in Q2 FY’25, once again creating a new high in both topline and bottomline. Our strong focus on cash management has resulted in us delivering strong cash flow, strengthening our financial position even further. While our existing line up of strong brands continue to deliver in Entry and Deluxe segment, our journey to build a powerful portfolio in premium segment is progressing with pace. As unveiled in EICMA, we will see 3 more models in this segment in next 6 months – Xpulse 210, Xtreme 250R and Karizma XMR 250. Apart from portfolio, we will continue to expand Premia stores targeting to cross 100 by the end of the current fiscal year. Our strong financials will allow us to now aggressively invest behind brand building. We are also planning a slew of launches in scooter segment, covering both ICE and EV. We will have 3 models coming in ICE scooters by March 2025, containing many first in class and best in class features. Our VIDA market shares continue to move up, and we will be expanding the portfolio to cover all price segments soon. The recently concluded festive season saw us clocking our highest ever retails at 16 lakhs units, backed by higher demand from rural sector. We believe that the strong monsoon will help the momentum in the Industry going forward. The fundamentals look good for Indian economy in general and 2 wheeler industry in particular.”
Highlighting the Hero MotoCorp share price performance, it has generated a negative return of 3.46% in the last 1 week (as on November 14, 2024). Keep exploring stocks and open demat account with SMC Global Securities. Stay tuned for the upcoming Nifty 50 companies quarterly results.
References
https://www.smctradeonline.com/research/equity-analysis/242
https://www.smctradeonline.com/invest/equities/237/hero-motocorp-ltd-share-price
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