Hero Motocorp Q3 Results 2024: Date And Time, Share Price And Target

Hero Motocorp Q3 Results 2024: Share Date & Time, Price & Target.

1. Amazing increase in profits

News: Hero MotoCorp, a leading player in the automotive industry, has announced its strong financial results for the third quarter of the fiscal year 2023-24. Let’s take a look at the main features:

  • Net Profit: Hero MotoCorp’s standalone net profit grew by an impressive 51.3% year-on-year to Rs 1,091.12 crore in Q3.
  • Revenue: The company’s quarterly revenue stood at Rs 9,723.7 crore, up from Rs 8,031 crore in the corresponding quarter last year.

2. Forecasts of meeting analysts

The Q3 results were in line with industry analysts’ expectations, indicating Hero MotoCorp’s resilience and adaptability. Net profit growth corresponds to market forecasts, which emphasizes the company’s ability to manage market dynamics.

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3. Growth drivers

Hero MotoCorp’s positive performance in Q3 can be attributed to several factors:

  • Strong demand for premium products: The company has shown strong demand for its premium motorcycle models.
  • Holiday season boost: Strong sales during the holiday season contributed to the increase in revenue.
  • Effective cost management: The company’s focus on managing costs effectively has played a major role in increasing profitability.
  • Strategic Price Adjustments: Well thought out price changes have a positive impact on profit margins.

EBITDA margin growth

Hero MotoCorp’s EBITDA margin expanded by 250 basis points year-on-year to 14% for the quarter ended December. This reform focuses on effective price control measures and premium offers.

A bright future vision

Niranjan Gupta, CEO of Hero MotoCorp expressed his hopes for the future:

“Government’s focus on infrastructure development combined with fiscal prudence creates a favorable business environment. Our recent successful launch in the premium segment and capacity expansion for higher premium models positions us well for further growth and employment opportunities.

Hero MotoCorp’s Q3 results underscored its resilience, adaptability and commitment to meet customer preferences. Investors can expect continued positive performance from the company through continuous innovation and responsiveness to market demands.