Hero MotoCorp Ltd on February 6 reported 12% rise in net profit at Rs 1,203 crore for the quarter ending December 31, 2024, thus beating estimates. It reported net profit of Rs 1,073 crore in the year-ago period. The firm declared dividend of Rs 100 per share.

The company said that on a standalone basis, it reported its highest-ever revenue for the first nine months of the financial year, reaching Rs 30,818 crore, up 10 per cent

Standalone net profit of India's largest two-wheeler maker rose 12.1% year-on-year in Q3 FY25 to Rs 1,203 crore even as revenue increased 5% to Rs 10,211 crore.

Hero MotoCorp reports Q3 net profit growth, premiumisation strategy success, new product launches, and interim dividend announcement.

Hero MotoCorp's profit after tax (PAT) increased 2% to Rs 1,108 crore in the December quarter, driven by higher sales. The company also reported record quarterly retail sales and strong performance in its EV and global businesses.

Results: Hero MotoCorp reported revenue from operations of INR 10,211 crore for the third quarter. EBITDA margin expanded to 14.5%, while Profit After Tax (PAT) reached INR 1,203 crore, marking a 12% year-over-year increase.

The company said its sales volume stood at 14.64 lakh units in the third quarter compared to 14.60 lakh units in the December quarter of last fiscal.

Hero MotoCorp has reported a notable 12.1% year-on-year (YoY) increase in net profit for the third quarter of FY24, with earnings reaching ₹1,202.8 crore, exceeding market expectations.

Hero MotoCorp. Ltd. announced a record interim dividend of Rs 100 per share, having nominal value of Rs 2 each, for the financial year 2024-25. The record date for the interim dividend payout has been fixed by Hero MotoCorp as Feb. 12.