Annual Report 2010-2011 of Hero MotoCorp Limited (India)

It is a broadly described annual report of Hero MotoCorp Limited (India) in the year of 2010-2011. During the financial year, The Company’s total sales (net of excise duty) increased by 22.1% to Rs. 19,245 Crores from Rs. 15,758 Crores in 2009-10. The Company’s earnings before interest depreciation and taxes (EBITDA) margins decreased from 17.45% in 2009-10 to 13.49% in 2010-11 and the Operating profit (PBT before other income) decreased from Rs. 2,575.48 Crores in 2009-10 to Rs. 2,214.61 Crores in 2010-11. The Company’s Profit after Tax (PAT) declined by 13.62% to Rs. 1,927.90 Crores from Rs. 2,231.83 Crores in the previous fiscal. Other income increased by 24.7% from Rs. 341 Crores in 2009-10 to Rs. 425 Crores in 2010-11.

The Board of Directors is pleased to recommend a Final Dividend of @1750% i.e. Rs. 35 per Equity Share of the face value of Rs. 2/- per share, aggregating to Rs. 698.91 Crores (exclusive of tax on Dividend), for the financial year ended 31^st March 2011 for the shareholder’s approval.

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