18 Questions
In Q3, what was the overall Interim dividend declared per share by the company?
Rs. 100
What was the percentage growth in PAT for Hero MotoCorp in Q3 compared to the corresponding quarter in the previous year?
51%
How much revenue did Parts Accessories & Merchandise (PAM) business cross annually?
Rs. 5,000 Crore
What is the total outlay planned by the company for the capacity expansion to support growth in the Parts Accessories & Merchandise (PAM) business?
Rs. 600 Crore
What was the percentage improvement in EBITDA margins for Hero MotoCorp in Q3 over the corresponding quarter in the previous year?
250 bps
Which factor was NOT mentioned as contributing to the improvement in EBITDA margins for Hero MotoCorp in Q3?
Discount offers
What is the proposed storage capacity of the new Global Parts Center (GPC) 2.0 that Hero MotoCorp plans to set up in Tirupati, Andhra Pradesh?
36,700 Stock Keeping Units (SKUs)
What is the total investment required by Hero MotoCorp for setting up the new Global Parts Center (GPC) 2.0 in Tirupati?
Rs. 600 crore
Over what period of time will the investment of up to Rs. 600 crore for the new Global Parts Center (GPC) 2.0 in Tirupati be made?
2 years
What is the current storage capacity of Hero MotoCorp's existing Global Parts Center (GPC) 1.0 located in Neemrana, Rajasthan?
26,000 Stock Keeping Units (SKUs)
What is the current capacity utilization of Hero MotoCorp's existing Global Parts Center (GPC) 1.0 in Neemrana, Rajasthan?
100%
What is the purpose of setting up the new Global Parts Center (GPC) 2.0 in Tirupati, Andhra Pradesh?
To increase the overall storage capacity of Hero MotoCorp's parts and accessories business
What was the revenue from operations for Hero MotoCorp in Q3 FY'24?
Rs. 9,724 Crore
What was the net profit after tax (PAT) for Hero MotoCorp in Q3 FY'24?
Rs. 1,073 Crore
What interim dividend per share has Hero MotoCorp declared?
Rs. 100 per share
What is the planned capacity expansion for Hero MotoCorp's Parts, Accessories, and Merchandise business?
Both of the above
What was the growth in revenue from operations for Hero MotoCorp in the nine months of FY'24 (April-Dec'23) compared to the previous year?
14.3%
What was the growth in net profit after tax (PAT) for Hero MotoCorp in the nine months of FY'24 (April-Dec'23) compared to the previous year?
44%
Study Notes
Financial Performance
- Hero MotoCorp's revenue from operations grew by 21% in Q3 FY'24, with a total revenue of Rs. 9,788 Crore.
- EBITDA margins stood at 14%, improving by 250 basis points over the corresponding quarter previous year.
- PAT (Profit After Tax) stood at Rs. 1,073 Crore, reflecting a growth of 51% over the corresponding quarter previous year.
Dividend Declaration
- The company declared an interim dividend of Rs. 75 per share and a special dividend of Rs. 25 per share, taking the overall interim dividend to Rs. 100 per share.
- This is to commemorate the centennial year of Chairman Emeritus Dr. Brijmohan Lall Munjal.
Parts Accessories & Merchandise (PAM) Business
- The PAM business has crossed annualized revenue of Rs. 5,000 Crore.
- The company plans to expand its capacity with an outlay of Rs. 600 Crore.
Global Parts Center (GPC) 2.0
- The company plans to set up a GPC 2.0 with a storage capacity of up to 36,700 Stock Keeping Units (SKUs) at Tirupati, Andhra Pradesh.
- The investment for this project is up to Rs. 600 Crore, to be completed over a period of two years.
- The existing GPC 1.0 is situated at Neemrana, Rajasthan, with a storage capacity of up to 26,000 SKUs.
Q3 FY'24 Performance
- The company sold 14.60 lakh units of motorcycles and scooters in Q3 FY'24.
- Revenue from operations stood at Rs. 9,724 Crore, with a PAT of Rs. 1,073 Crore.
Nine Months FY'24 Performance
- The company sold 42.29 lakh units of motorcycles and scooters in nine months FY'24.
- Revenue from operations stood at Rs. 27,936 Crore, with a PAT of Rs. 2,952 Crore.
Test your knowledge on finance and dividend concepts with this quiz. The quiz covers topics such as interim dividends, special dividends, revenue from operations, EBITDA margins, and PAT calculations.
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