Annual Report 2012-2013 of Hero MotoCorp Limited (India)

It is a broadly described annual report of Hero MotoCorp Limited (India) in the year of 2012-2013. During the financial year, The Company’s total sales (net of excise duty) increased by 0.9% to Rs. 23,583 Crores from Rs. 23,368 Crores recorded in the previous fiscal year. Operating profit (PBT before other income) decreased from Rs. 2,521 Crores in 2011-12 to Rs. 2,143 Crores in 2012-13. Profit before Tax (PBT) has shown a decline of 11.72% from Rs. 2,865 Crores in 2011-12 to Rs. 2,529 Crores in 2012-13. The Company’s Profit after Tax (PAT) decreased by 10.9% from Rs. 2,378 Crores in 2011-12 to Rs. 2,118 Crores in 2012-13. Other income increased by 1.42% from Rs. 576 Crores in 2011-12 to Rs. 584 Crores in 2012-13.

The Board of Directors is pleased to recommend for shareholder’s approval a higher dividend of @3000% i.e. Rs. 60 (@2250% i.e. Rs. 45/- in 2011-12) per equity share of the face value of Rs. 2/-, aggregating to Rs. 1,198.13 Crores (exclusive of tax on Dividend), for the financial year ended 31^st March 2013.

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