HERO MOTOCORP Q4 2024 RESULTS TODAY: DIVIDEND ANNOUNCEMENT IN QUARTERLY EARNINGS; CHECK PREVIEW

Hero MotoCorp Q4 2024 Results Today, Share Price: The fourth quarterly earnings season is underway, and many companies have already announced their Q4 results 2024. Hero MotoCorp, Nifty50 stock and world's largest two-wheeler selling manufacturer, too is all set to announce its audited financial results and interim dividend for the FY24 in its upcoming board meeting today (Wednesday, May 8, 2024).

Shares of Hero MotoCorp on Wednesday, at the time of filing this report at 11:35 AM, traded at Rs 4,469 apiece on NSE. The two-wheeler stock gave a 73 per cent ride to its investors in the past one year.

Hero MotoCorp Dividend 2024

Hero MotoCorp has informed the stock exchanges that the company's board will consider and recommend a final dividend, if any.

"we wish to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, May 08, 2024, inter alia, ... to consider and recommend the final dividend, if any, for the financial year 2023-24," said the two-wheeler manufacturer.

Hero MotoCorp Q4 Results Date and Time

Hero MotoCorp is all set to announce Q4 results for the fiscal year 2024 today.

"Pursuant to Regulation 29 and other applicable Regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, May 08, 2024, inter alia, to consider and approve the audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2024," said the company.

Hero MotoCorp Dividend History, Yield

Hero MotoCorp has declared total 40 dividends since July 17, 2001. The recent-most dividend it declared was in February 2024 - of Rs 75 interim dividend and a special dividend of Rs 25. In 2023, the company paid an interim dividend of Rs 65 and a final dividend of Rs 35. In 2022 too the company paid Rs 60 interim dividend and Rs 35 final dividend.

At the current market price, Hero MotoCorp's dividend yield stands at 3.02 per cent.

Hero MotoCorp Q4 Earnings Preview

As per ET NOW's analysis, Hero MotoCorp is expected to post:

  • Revenue growth of 12 per cent year-on-year (YoY) to Rs 9,343 crore. Sequentially, a 4 per cent decline.
  • EBITDA is expected to grow 21 per cent to Rs 1,313 crore. Quarter-on-quarter (QoQ), a de-growth of 4 per cent.
  • Margin is expected to expand 10 basis points (bps) to 14.1 per cent from 14 per cent YoY. Sequentially, 110 bps expansion from 13 per cent.
  • Profit After Tax (PAT) is expected to grow 19 per cent YoY an de grow 4 per cent QoQ

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)

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2024-05-08T07:02:45Z dg43tfdfdgfd