Annual Report 2003-2004 of Hero MotoCorp Limited (India)

It is a broadly described annual report of Hero MotoCorp Limited (India) in the year of 2003-2004. During the financial year, The Company’s Net sales increased by 14.3 percent from Rs. 5,102 Crore in 2002–03 to Rs. 5,832 Crore in 2003–04. Operating profit (PBT before other income) grew by 14.6 percent from Rs. 792 Crore in 2002–03 to Rs. 907 Crore in 2003–04. Profit after tax (PAT) went up by 25.4 percent from Rs. 581 Crore in 2002–03 to Rs. 728 Crore in 2003–04. Other Income rose from Rs. 92.9 Crore in 2002–03 to Rs. 165.0 Crore in 2003–04. Other Income rose from Rs.92.9 Crore in 2002–03 to Rs.165.0 Crore in 2003–04.

The Board of Directors of the company has recommended a Final Dividend of @500% (Rs.10/-) per equity share of Rs. 2/- each aggregating to Rs. 225.27 Crores (inclusive of corporate dividend tax of Rs. 25.58 Crores) has been recommended for shareholders approval for the financial year ended 31^st March 2004.

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