InvestorQ : Can you give me your view on Hero Moto after the latest results for Q4?
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Can you give me your view on Hero Moto after the latest results for Q4?

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2 months ago
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On 06 May, Hero Motocorp announced its fourth quarter results for the Mar-21 period as well as the full year results for FY21. Hero Moto reported 39% growth in standalone net profit at Rs.865 crore for the quarter with consolidated profits also around the same figure. The fourth quarter revenues were up by an impressive 40% at Rs.8,686 crore, largely on account of the base effect of the Mar-20 quarter, which was wracked by COVID.

The company has declared a final dividend of Rs.25 per share and a special dividend of Rs.10 per share and continues to remain an attractive dividend yield stock for investors. For FY21, Hero Moto managed to grow its market share in the motorcycles and also in the scooters segment. This covers the premium segment too. EBITDA for Mar-21 quarter was higher by 84% at Rs.1,211 crore on cost efficiency measures under the LEAPS II program.

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