Net profit of Hero MotoCorp rose 5.70% to Rs 1063.71 crore in the quarter ended September 2024 as against Rs 1006.31 crore during the previous quarter ended September 2023. Sales rose 9.96% to Rs 10482.93 crore in the quarter ended September 2024 as against Rs 9533.07 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales10482.939533.07 10 OPM %13.8314.26 - PBDT1670.151547.19 8 PBT1464.051360.10 8 NP1063.711006.31 6 Powered by Capital Market - Live News

Hero MotoCorp has allotted 19,413 equity shares under Employee Incentive Scheme 2014. With this allotment, the paid up equity share capital has increased to Rs. 39,99,99,062/-divided into 19,99,99,531 equity shares of face value of Rs. 2/- each. Powered by Capital Market - Live News

Hero MotoCorp achieved its highest-ever retail sales during the recent 32-day festive period, starting from Navratri.With sales of over 15.98 lakh (1.6 million) units, the company registered an impressive 13% growth compared to the festive season of 2023.The robust demand for Hero MotoCorp`s products was evident across both urban and rural India. The 125cc motorcycle segment, with Xtreme 125R, emerged as a key growth driver, while the 100cc segment also contributed positively to the company`s strong sales performance.VIDA, Hero MotoCorp`s electric vehicle brand, crossed a significant milestone by achieving 11,600 retail sales during the same period. VIDA network`s ongoing expansion, leveraging Hero Premia and Hero 2.0 outlets, in conjunction with a heightened emphasis on the Top 30 towns, is yielding positive results. The upcoming portfolio expansion is set to infuse the brand with further impetus.The Harley-Davidson X440 achieved sales of over 2800 units, highlighting the brand`s popularity. As the company aims to expand the Premia network to over 100 locations by the end of this fiscal year, it will enhance the reach and accessibility of this aspirational brand.Powered by Capital Market - Live News

Hero MotoCorp will hold a meeting of the Board of Directors of the Company on 14 November 2024Powered by Capital Market - Live News

Hero MotoCorp dispatched 512,360 units of motorcycles and scooters in August 2024.Domestic sales during the month stood at 492,263 units. Month sales were marginally impacted by supply shortages, which will be made up in September. Hero MotoCorp registered a month-on-month growth of 38% in its overall dispatch volumes and has sold 24,17,790 units in FY`25 (Apr-Aug), a growth of 8% over the corresponding period of FY`24. Powered by Capital Market - Live News