Hero MotoCorp Income Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2019 - 2015
Period Ending	Sep '24 Sep 30, 2024	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021	Mar '20 Mar 31, 2020	2019 - 2015
Revenue	400,983	377,886	341,584	295,513	309,592	292,540	Upgrade
Revenue Growth (YoY)	14.77%	10.63%	15.59%	-4.55%	5.83%	-13.89%	Upgrade
Cost of Revenue	268,514	256,817	240,987	210,674	218,786	199,714	Upgrade
Gross Profit	132,469	121,070	100,597	84,839	90,806	92,826	Upgrade
Selling, General & Admin	37,144	36,032	31,836	27,845	25,924	26,529	Upgrade
Other Operating Expenses	37,633	31,608	27,301	22,319	23,840	25,382	Upgrade
Operating Expenses	82,797	75,213	66,111	57,059	56,915	60,369	Upgrade
Operating Income	49,671	45,856	34,486	27,781	33,891	32,458	Upgrade
Interest Expense	-512.4	-600.6	-868.5	-294.2	-272.9	-177.8	Upgrade
Interest & Investment Income	3,199	3,199	2,631	1,907	1,018	3,260	Upgrade
Earnings From Equity Investments	-1,707	-1,203	31.1	-1,991	-465.6	346.3	Upgrade
Currency Exchange Gain (Loss)	167.5	167.5	-473	181.4	3.6	243.6	Upgrade
Other Non Operating Income (Expenses)	135.2	-163.1	-180.3	-236.8	-191.2	-288.6	Upgrade
EBT Excluding Unusual Items	50,953	47,257	35,626	27,348	33,983	35,842	Upgrade
Merger & Restructuring Charges	-	-1,600	-	-	-	-601.1	Upgrade
Gain (Loss) on Sale of Investments	5,238	5,238	3,003	3,329	4,548	3,579	Upgrade
Gain (Loss) on Sale of Assets	7	7	7.3	-96.1	-37.8	-82.9	Upgrade
Other Unusual Items	-	-	-	-	-	7,375	Upgrade
Pretax Income	56,199	50,902	38,636	30,581	38,493	46,111	Upgrade
Income Tax Expense	14,866	13,480	10,637	7,291	9,133	9,517	Upgrade
Earnings From Continuing Operations	41,333	37,422	27,999	23,291	29,361	36,594	Upgrade
Minority Interest in Earnings	47.6	26.7	100.6	-121.7	-183	-213	Upgrade
Net Income	41,380	37,448	28,100	23,169	29,178	36,381	Upgrade
Net Income to Common	41,380	37,448	28,100	23,169	29,178	36,381	Upgrade
Net Income Growth	27.42%	33.27%	21.28%	-20.59%	-19.80%	5.63%	Upgrade
Shares Outstanding (Basic)	200	200	200	200	200	200	Upgrade
Shares Outstanding (Diluted)	200	200	200	200	200	200	Upgrade
Shares Change (YoY)	0.11%	0.11%	0.08%	0.04%	0.03%	0.00%	Upgrade
EPS (Basic)	206.98	187.36	140.62	115.96	146.07	182.15	Upgrade
EPS (Diluted)	206.58	187.04	140.49	115.93	146.04	182.15	Upgrade
EPS Growth	27.29%	33.13%	21.19%	-20.62%	-19.82%	5.63%	Upgrade
Free Cash Flow	57,791	41,352	20,096	15,340	35,294	42,303	Upgrade
Free Cash Flow Per Share	288.49	206.53	100.47	76.76	176.66	211.80	Upgrade
Dividend Per Share	40.000	115.000	100.000	95.000	90.000	90.000	Upgrade
Dividend Growth	-63.64%	15.00%	5.26%	5.56%	0%	3.45%	Upgrade
Gross Margin	33.04%	32.04%	29.45%	28.71%	29.33%	31.73%	Upgrade
Operating Margin	12.39%	12.13%	10.10%	9.40%	10.95%	11.10%	Upgrade
Profit Margin	10.32%	9.91%	8.23%	7.84%	9.42%	12.44%	Upgrade
Free Cash Flow Margin	14.41%	10.94%	5.88%	5.19%	11.40%	14.46%	Upgrade
EBITDA	56,059	51,797	40,404	33,836	40,110	39,038	Upgrade
EBITDA Margin	13.98%	13.71%	11.83%	11.45%	12.96%	13.34%	Upgrade
D&A For EBITDA	6,388	5,941	5,918	6,055	6,220	6,580	Upgrade
EBIT	49,671	45,856	34,486	27,781	33,891	32,458	Upgrade
EBIT Margin	12.39%	12.13%	10.10%	9.40%	10.95%	11.10%	Upgrade
Effective Tax Rate	26.45%	26.48%	27.53%	23.84%	23.73%	20.64%	Upgrade
Revenue as Reported	198,466	386,432	347,274	301,063	315,171	299,859	Upgrade
Advertising Expenses	-	10,895	8,918	7,505	6,060	7,386	Upgrade

Source: S&P Capital IQ. Standard template. Financial Sources.