MUMBAI:
Hero MotoCorp registered sales of 15.68 lakh units of motorcycles & scooters in Q4’21 and revenue from operations: Rs.8,686 Crore (vs. Rs 6238 Crore Q4 FY’20).
Earnings Before Interest, Tax, Depreciation, & Amortization (EBITDA) stood at Rs. 1,211Crore; reflecting 13.9% EBITDA margin (vs Rs.660 Crore Q4 FY’20).
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Profit After Tax (PAT) stands at Rs.865 Crore (vs Rs.621 Crore Q4 – FY’20) and sales of 58 lakh units of motorcycles & scooters in FY’21. Revenue from Operations is Rs.30,801 Crore (vs. Rs.28,836 Crore in FY’20) and Earnings Before Interest, Tax, Depreciation, & Amortization (EBITDA) stood at Rs.4,019 Crore; reflecting 13.0% EBITDA margin ( vs Rs.3,958 Crore FY’20). Profit After Tax (PAT) stands at Rs.2,964 Crore (vs Rs.3633 Crore FY’20)
The Financial Year (FY) 2021 was one of the most challenging periods for the entire world due to the outbreak of the Coronavirus pandemic. While a late recovery towards the second half of the FY’21 saw the company gain strong volumes, the broader market continues to suffer in view of the recent escalations in Covid-19 cases.
“Despite the challenges, Hero MotoCorp grew its market share in both motorcycles and scooters. We also grew our presence in the premium segment that would be further strengthened with our strategic partnership with Harley-Davidson.
“With the fresh surge in Covid-19, Hero MotoCorp is keeping a close watch on the rapidly evolving situation, as we take steps to protect our employees and operations, while also initiating relief measures to aid the efforts initiated by our organization, and various governments and institutions.
“Going forward, we continue to remain cautiously optimistic on the demand for personal mobility despite the challenging circumstances. In line with our commitment to sustainability, Hero MotoCorp will continue to strengthen efforts towards driving in green mobility which will see us launch our first electric vehicle in this financial year. Our EV journey has further been augmented with our recent partnership with Gogoro, the developer of the world’s largest battery-swapping network.
