Hero MotoCorp revenue from operations rose 5% YoY to ₹10,260 crores in Q3 FY25. Profit before tax (PBT) jumped 3% YoY to ₹1,496.94 crores during the quarter. PAT climbs 1% YoY to ₹1,108 crores. In this blog, we’ll uncover the detailed interpretation of Hero MotoCorp Q3 results and its key performance metrics.
Hero MotoCorp Q3 Results FY25: Strong Growth
- Earnings before interest, tax, depreciation & amortization (EBITDA) stood at ₹1,722.40 crores in Q3 FY25, up 3% YoY.
- EBITDA margin expanded over the previous year and stood at 14.5% in the Hero MotoCorp Q3 results of FY25.
- Hero MotoCorp sold 14.64 lakh units of motorcycles and scooters in the third quarter of FY25, up 0.27% from 14.60 lakh units sold in Q3 FY24.
- Hero MotoCorp gained market share in the 100cc segment through Splendor and in the 125cc segment through Xtreme 125R and Super Splendor. It also reported the highest-ever quarterly retail sales, led by the highest-ever festive retail.
- The company’s growth was also led by robust performance in both the EV and global businesses.
- VIDA reported the highest-ever monthly retail and gained market share during the quarter. The company also gained momentum in global business, growing ahead of the industry, with Bangladesh and Colombia leading the way.
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| Particulars (in ₹ Cr) | Q3 FY25 | Q3 FY24 | Variance (%) |
|---|---|---|---|
| Total Income | 10,259.89 | 9,787.86 | 5% |
| Operating Profit (OP) | 1,415.98 | 1,384.88 | 2% |
| Other Income | 306.42 | 287.86 | 6% |
| PBIDT (Profit before interest, depreciation, tax) | 1,722.40 | 1,672.74 | 3% |
| Net Finance Charges | 16.55 | 22.74 | -27% |
| PBDT (Profit before depreciation & tax) | 1,705.85 | 1,650.00 | 3% |
| Depreciation | 208.91 | 193.92 | 8% |
| PBT (Profit before tax) | 1,496.94 | 1,456.08 | 3% |
| Tax Expense | 388.56 | 364.96 | 6% |
| PAT (Profit after tax) | 1,108.38 | 1,091.12 | 2% |
| Minority Interest | 0.83 | -2.29 | 136% |
| Profit after Minority Interest and Share of Profit | 1,107.55 | 1,093.41 | 1% |
| EPS (in ₹) | 55.38 | 54.71 | 1% |
Hero MotoCorp Q3 Results: Other Highlights
- As per the Hero MotoCorp Q3 results analysis, it has recently launched four products at the Bharat Mobility 2025, bolstering its presence in the premium and scooter segments. The deliveries of the new products will commence in March 2025.
- Meanwhile, the company’s board has declared an interim dividend of ₹100 per share for FY25. The record date for the interim dividend has been set for February 12, 2025. The payment of the dividend will be completed by March 8, 2025.
Hero MotoCorp Q3 Results: Acquisition Activities
- Hero MotoCorp will enter into an arrangement with CleanMax Enviro Energy Solutions Private (CleanMax) to set up a special purpose vehicle (SPV).
- The company plans to invest up to ₹5.15 crores for the acquisition of 26% shareholding in the SPV.
- The objective of the investment is to increase the renewable footprint under the Group Captive mechanism with equity investment by the company in SPV to be created by CleanMax under Green Energy Open Access Regulations 2023 of the Haryana Electricity Regulatory Commission.
Hero MotoCorp Q3 Results: Management Commentary
Vivek Anand, chief financial officer (CFO) of Hero MotoCorp, said, “The performance in this quarter and fiscal year, reflects the successful execution of our strategic priorities. Demonstrating strong year-to-date results in both top-line and bottom-line growth, we have achieved the highest-ever nine-month revenue and profits.
The Union Budget 2025’s emphasis on tax relief for the middle class, along with continued investment in infrastructure and support for the agricultural sector, is expected to boost consumer confidence and drive demand growth in the auto industry.”
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Reference:
SMC Global Securities Research Team
Author: All Content is verified by SMC Global Securities.
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