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Hero MotoCorp Q4FY2021 Results | Yadnya Investment Academy

Hero MotoCorp Q4FY2021 Results | Yadnya Investment Academy

Published on 10 May 2021|
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Q4FY21 Results

  • Hero MotoCorp sold 15.86 lakh units of scooters and motorcycles in Q4FY21, an increase of 18.5% when compared to 13.23 lakh units sold in Q4FY20.
  • Revenue from operations stood at Rs. 8,686 in Q4FY21 crores as compared to Rs. 6,238 crores in Q4FY20, an increase of 39.2%.
  • The company reported an EBITDA of Rs. 1,211 crores in Q4FY21 with a EBITDA margin of 13.9%. In Q4FY20, the company had an EBITDA of Rs.660 crore.
  • Profit After tax grew 39.3% in Q4FY21 to Rs. 865 crores from Q4FY20 PAT of Rs. 621 crore.
  • Consolidated Revenue stood at Rs. 8,690 crore in Q4FY21 where as consolidated Pat was Rs. 885 crore.

 

FY21 Results

  • Hero MotoCorp sold 58 lakh units of scooters and motorcycles in FY21.
  • Revenue from operation stood at Rs. 30,801 Crore in FY21 as compared to Rs. 28,836 in FY20, an increase of 6.8%.
  • The company reported an EBITDA of Rs. 4,019 crore with a EBITDA margin of 13% in FY21. EBITDA in FY20 was Rs. 3,958 crore.
  • Profit after tax declined by (18%) to Rs. 2,964 crores from Rs. 3,633 crore in FY20.

 

Overview

  • A recovery in the second half of FY21 helped the company gain strong volumes.
  • In a challenging environment created due to the COVID pandemic, the company grew its market share in motorcycles and scooters.
  • The company grew its presence in the premium segment which is going to be further strengthened by a strategic partnership with Harley-Davidson.
  • The company’s EV journey took went ahead in the next phase as the company entered into a partnership with Gogoro, the developer of the world’s largest battery-swapping network.
  • The company also increased its equity share in Ather Energy, an electric two-wheeler manufacturer in India, by making an additional investment of Rs. 174 crores which increased its shareholding in Ather Energy to 34.81%.

 

Strategic Partnership with Harley Davidson

  • The company has entered into an alliance with Harley-Davidson
  • With this partnership, the company aims to develop and sell a range of premium motorcycles under the Harley Davidson brand name.
  • The company also aims to sell General Merchandise riding gear apparel, parts and accessories through Hero MotoCorp’s existing dealership network in India and a network of brand-exclusive Harley-Davidson.
  • A dedicated business unit will be set up to manage Harley Davidson's business in the country.

 

Dividend

  • The company has proposed a dividend of Rs. 25 per share and a special dividend of Rs. 10 per share. Together with interim and the dividends mentioned before, aggregate dividend comes to Rs. 90 per share.
  • The company has also declared a special dividend of Rs. 15 per share which takes the total dividend in FY21 to Rs. 105 per share.
  • The special dividend has been declared to mark the achievement of Rs. 100 million cumulative productions of two-wheelers.
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