Annual Report 2013-2014 of Hero MotoCorp Limited (India)

It is a broadly described annual report of Hero MotoCorp Limited (India) in the year of 2013-2014. During the financial year, The Company’s total sales (net of excise duty) increased by 6.5% to Rs. 25,125 Crores from Rs. 23,583 Crores recorded in the previous fiscal year. Operating profit (PBT before other income) also increased from Rs. 2,143 Crores in FY 2012-13 to Rs. 2,433 Crores in FY 2013-14. Profit before Tax (PBT) has shown an increase of 13.37% from Rs. 2,529 Crores in 2012-13 to Rs. 2,867 Crores in 2013-14. The Company’s Profit after Tax (PAT) decreased by 0.4% from Rs. 2,118 Crores in 2012-13 to Rs. 2,109 Crores in 2013-14. Earnings before Interest, Depreciation, and Taxes (EBIDTA) margins stood at 14.01% in FY 2013-14 as compared to 13.82% in FY 2012-13. Other income increased by 2.26% from Rs. 584 Crores in 2012-13 to Rs. 597 Crores in 2013-14.

The Board of Directors is pleased to recommend for shareholder’s approval a Dividend of @3,250% i.e. Rs. 65 (@3,000% i.e. Rs. 60 in 2012-13) per Equity Share of the face value of Rs. 2/- each, aggregating to Rs. 1,297.97 Crores (exclusive of tax on Dividend), for the financial year ended 31^st March 2014.

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