Hero MotoCorp Announces March Quarter Results and a 3250% Dividend. Company Profits Rise, and Shares Surge. Record Date Set for July 24.
Hero MotoCorp Dividend: Hero MotoCorp, the Splendor bike manufacturer, recently made a significant announcement following its March quarter results. The company declared a substantial 3250% dividend, a considerable gift for its investors. Concurrently, the company's shares experienced a b surge, boosting investor confidence.
Company's Quarterly Results and Dividend Announcement
Hero MotoCorp announced its results for the January-March 2025 quarter. During this period, the company reported a profit of ₹1,081 crore, a 6% increase compared to the previous year. Furthermore, the company's operational revenue saw a 4% growth, reaching ₹9,519 crore.
Following these excellent results, the company declared a 3250% dividend for its shareholders, a substantial decision. The company's board recommended a final dividend of ₹65 per share. This dividend will be paid within 30 days of shareholder approval at the upcoming Annual General Meeting (AGM). The record date for this dividend is set for July 24, 2025.
Surge in Hero MotoCorp Shares
Following the March quarter results, Hero MotoCorp's shares witnessed a significant surge. The company's shares closed at ₹4062.90 per share on Tuesday on the BSE, up ₹72.35 or 1.81%.
This surge in share price can be attributed to the company's excellent results and the dividend announcement. This growth has instilled investor optimism regarding the company's future prospects.
Hero MotoCorp's Dividend History
This is not the first time Hero MotoCorp has rewarded its investors with dividends. Earlier this year, on February 2, 2024, the company announced an interim dividend of ₹100 per share. Additionally, the company has declared dividends several times in the past few years, including a final dividend of ₹40 (August 1, 2024), a special dividend of ₹25 (February 21, 2024), and an interim dividend of ₹75 (July 27, 2023).
Company Profits and Future Direction
Vikram S Kasbekar, Executive Director and Acting Chief Executive Officer of the company, stated, "We have achieved our highest ever revenue and profit this year, further strengthening our market position. We are well-positioned for continued consolidation, growth in the 125cc segment, and upcoming electric vehicle (EV) launches."
Hero MotoCorp's strength and success are maintaining its market leadership. Furthermore, the company's foray into the electric vehicle (EV) sector is expected to drive further growth in the future.
