Annual Report 2007-2008 of Hero MotoCorp Limited (India)

It is a broadly described annual report of Hero MotoCorp Limited (India) in the year of 2007-2008. During the financial year, The Company’s total sales (net of excise duty) increased by 4.4 percent to Rs. 10332 Crores from Rs. 9900 Crores in 2006-07. Operating profit (PBT before other income) increased by 16.0 percent from Rs. 1056 Crores in 2006-07 to Rs. 1225 Crores in 2007-08. The Company posted a net profit (PAT) of Rs. 968 Crores, compared to Rs. 858 Crores in the previous fiscal, a growth of 13 percent. Other income marginally declined by 2.3 percent from Rs. 190 Crores in 2006-07 to Rs. 185 Crores in 2007-08.

The Board of Directors of the company has recommended a Dividend of @950% i.e. Rs.19/- per equity share of Rs. 2/- aggregating to Rs. 379.41 Crores (exclusive of corporate dividend tax) for shareholders approval for the financial year ended 31^st March 2008.

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