Annual Report 2015-2016 of Hero MotoCorp Limited (India)

It is a broadly described annual report of Hero MotoCorp Limited (India) in the year of 2015-2016. During the financial year, The Company’s total sales (net of excise duty) increased by 3% to Rs. 28,160 Crores in FY 2015-16 from Rs. 27,351 Crores recorded in the previous fiscal year. The Company’s operating profit (PBT before other income) also increased from Rs. 3,002 Crores in FY 2014-15 to Rs. 4,006 Crores in FY 2015-16. The Company’s Profit after Tax (PAT) was Rs. 3132.37 Crores as against Rs. 2,385.64 Crores in FY 2014-15, registering an increase of 31.30%. Earnings before Interest, Depreciation, and Taxes (EBIDTA) margins stood at 15.55% in FY 2015-16 as compared to 12.84% in FY 2014-15. The company’s other income increased by 14% from Rs. 727 Crores in FY 2014- 15 to Rs. 830 Crores in FY 2015-16.

The Board of Directors is pleased to recommend for shareholder’s approval a final dividend of Rs. 32 per equity share (1600%) of the face value of Rs.2/- each, in addition to an interim dividend of Rs. 40 per equity share (2000%) declared in the month of March 2016, aggregating a total dividend payout of Rs. 1,437.75 Crores (excluding tax on dividend) during FY ended 31^st March 2016.

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