Page 6 - Hero Motocorp

Hero MotoCorp to ride high on volumes and low valuation, say analysts

Company's margins could expand on operating leverage and price hikes, say analysts

Hero MotoCorp up 5% on hopes of healthy business outlook

With the economy picking up, the management expects the demand for motorcycles and scooters to see a positive turnaround in the coming months.

Hero MotoCorp sees strong quarter ahead driving on wedding sales, harvest

The company is comfortable with its current inventory level, which is around six weeks

Hero MotoCorp Q4 profit falls 28%; revenue drops 14% to Rs 7,422 cr

The company's board has recommended a final dividend of Rs 35 per share

Hero MotoCorp Q4 net drops 30% to Rs 621 cr on weaker volumes

Hero MotoCorp on Tuesday said its consolidated profit after tax (PAT) declined by 30 per cent to Rs 621 crore for the fourth quarter ended March 2022 on account of lower sales. The country's largest two-wheeler maker had reported a PAT of Rs 885 crore in the January-March quarter of 2020-21 fiscal. Revenue from operations declined to Rs 7,497 crore as against Rs 8,690 crore in the fourth quarter of FY21, Hero MotoCorp said in a regulatory filing. The company's total sales in the fourth quarter of FY22 stood at 11.9 lakh units, a drop of 24 per cent from 15.68 lakh units in the year-ago period. For the 2021-22 fiscal, the company reported a consolidated PAT of Rs 2,329 crore, down 21 per cent from Rs 2,936 crore in 2020-21. Revenue from operations dropped to Rs 29,551 crore from Rs 30,959 crore in FY21. "With the economy picking up, we expect the demand for motorcycles and scooters to see a positive turnaround in the coming months. While concerns related to high input costs contin

Small Indian towns overtaking big cities on EV ride, shows report

Top three e2W consuming states saw towns with sub-million population accounting for majority of sales--56% in Maharashtra, 75% in Karnataka and 78% in Tamil Nadu

Two-wheeler stocks may enter the fast lane riding on recovery hopes

Hero MotoCorp is the top pick of brokerages

A rallyist and an auto major ride tandem to innovate

In January 2021, 135 km into Stage 4 of the Dakar Rally, Santosh suffered an accident on a gravel track that left him unconscious and in need of resuscitation.

Hero Moto skids 6% as I-T dept finds Rs 800 cr siphoned off funds

In the past six trading days, the stock has declined 11 per cent after media reported that the I-T department said Hero MotoCorp made over Rs 1,000 crore in bogus expenses

Hero MotoCorp launches Destini 125 XTEC; price starting at Rs 69,900

The new scooter, powered by a 125cc engine producing a power output of 9 BHP, comes in two variants with the standard variant priced Rs 69,900 and the top end tagged at Rs 79,990

Hero MotoCorp tax case: I-T finds Rs 800 cr siphoned off via shell firms

The department also found that 10 acres of farm land in Delhi was purchased through a few paper companies

I-T dept detects multiple irregularities after raids on Hero Moto, others

The Income Tax Department has found alleged illegal business expenses of over Rs 800 crore, Rs 60 crore "unaccounted" cash used to purchase land in Delhi

Sensex soars 740 pts; Nifty nears 17,500; banks, auto shine, metals sink

CLOSING BELL: Reliance Industries, HDFC twins, ICICI Bank, and Bajaj Finance lifted the benchmark S&P BSE Sensex 740 points higher to end at 58,684

Hero MotoCorp refutes report of false expense claims; terms it speculative

The company said officials from the Income Tax department visited its offices in the previous week, and it has provided all support and cooperation, necessary documents and data to the authorities

Stocks to Watch: ONGC, Hero MotoCorp, PNB, LTTS, IndiGo, Adani Group

Shares of ONGC are likely to be in focus as the government will sell 1.5 per cent stake in the oil producer through an offer for sale (OFS) over the next two trading sessions at Rs 159 per share.

Top headlines: War disrupts supply chain; Hero MotoCorp faces I-T probe

Finance Minister says Russia-Ukraine war has disrupted supply chains around the world, including India. More on that in our morning wrap

I-T department detects Rs 1K-cr 'bogus' expenses at Hero MotoCorp

The findings are learnt to be part of the tax department's initial probe into a possible tax evasion by the two-wheeler giant

Hero MotoCorp to hike prices by up to Rs 2,000 from April 5

The company will make an upward revision in the ex-showroom prices of its entire product range

Top headlines: Ruchi Soya shares surge; Hero Moto stock tanks 7%

Business Standard brings you the top headlines on Tuesday

Hero MotoCorp made over Rs 1k-cr bogus expenses, I-T search reveals: Report

Income Tax Department carried out a search and seizure operation on March 23 on Hero Motocorp and its chairman and managing director Pawan Munjal at multiple locations in Delhi-NCR