Annual Report 2005-2006 of Hero MotoCorp Limited (India)

It is a broadly described annual report of Hero MotoCorp Limited (India) in the year of 2005-2006. During the financial year, The Company’s total sales (net of excise duty) increased 17.4% to Rs. 8714 Crores from Rs.7422 Crores in 2004-05. Operating profit (PBT before other income) grew by 16.2% from Rs. 1080 Crores in 2004-05 to Rs. 1256 Crores in 2005-06. Profit after tax reflected a growth of 19.8% from Rs. 810 Crores in 2004-05 to Rs. 971 Crores in 2005-06. Other income increased by 14.2% from Rs. 137 Crores to Rs. 156 Crores.

The Board of Directors of the company has recommended a Dividend of 1000% (percent) (Rs. 20/-) per equity share of Rs. 2/- aggregating to Rs. 399.38 Crores (exclusive of corporate dividend tax) for shareholders approval for the financial year ended 31^st March 2006.

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