Annual Report 2006-2007 of Hero MotoCorp Limited (India)

It is a broadly described annual report of Hero MotoCorp Limited (India) in the year of 2006-2007. During the financial year, The Company’s total sales (net of excise duty) increased by 13.6 percent to Rs. 9900 Crores from Rs. 8714 Crores in 2005-06. Operating profit (PBT before other income) declined by 15.9 percent from Rs. 1256 Crores in 2005- 06 to Rs. 1056 Crores in 2006-07. The Company posted Profit after Tax (PAT) of Rs. 858 Crores in 2006-07 compared to Rs. 971 Crores in 2005-06. Other income increased by 21.5 percent from Rs. 156 Crores in 2005-06 to Rs. 190 Crores in 2006-07.

The Board of Directors of the company has recommended a Dividend of @850% (Rs.17/-) per equity share of Rs. 2/- aggregating to Rs. 339.47 Crores (exclusive of corporate dividend tax) for shareholders approval for the financial year ended 31^st March 2007.

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