Hero MotoCorp shares trade ex-dividend today; check full details

The two-wheeler major in an exchange filing on February 6 said its board considered and approved an interim dividend at 5000%, that is, ₹100 per equity share, having a face value of ₹2 each for the fiscal year 2024-25.

“The Board has fixed February 12, 2025, as the record date for determining entitlement of members for the purpose of payment of interim dividend. The payment of dividend/dispatch of dividend warrants will be completed by March 08, 2025,” the company had said in a statement.

Shares of the company opened flat on Wednesday at ₹3,985.75 on BSE, rising 0.01%.

Hero MotoCorp’s consolidated profit after tax increased 2% to ₹1,108 crore in the December quarter, aided by higher sales. The two-wheeler major reported a profit after tax (PAT) of ₹1,091 crore in the October-December quarter of last fiscal.

Its revenue from operations rose to ₹10,260 crore in the third quarter against ₹9,788 crore in the year-ago period, the company said in a regulatory filing.

The company said its sales volume stood at 14.64 lakh units in the third quarter compared to 14.60 lakh units in the December quarter of last fiscal.

"The performance in this quarter and fiscal year reflects the successful execution of our strategic priorities," Hero MotoCorp CFO Vivek Anand said.

The company said its growth was also led by robust performance in both the EV and global businesses.

"VIDA reported highest-ever monthly retails and gained market share during the quarter. The company also gained momentum in global business, growing ahead of the industry; Bangladesh and Colombia leading the way," it added.