Annual Report 2016-2017 of Hero MotoCorp Limited (India)

It is a broadly described annual report of Hero MotoCorp Limited (India) in the year of 2016-2017. During the financial year, The Company’s Sales of 66,64,240 units brought a revenue of Rs. 30,328.83 Crores, depicting an increase of 0.23% over the previous financial year when 66,32,322 units sales brought a revenue of Rs. 30,258.96 Crores. Revenue from operations of your Company increased by 0.47%, from Rs. 30,700.88 Crores in FY 2015-16 to Rs. 30,846.12 Crores in FY 2016-17. Profit before tax (PBT) has shown an increase of 5.04% from Rs. 4,434.87 Crores in FY 2015-16 to Rs. 4,658.46 crores in FY 2016-17. The Company’s Profit after Tax (PAT) increased by 6.86% from Rs. 3,160.19 Crores in FY 2015-16 to Rs. 3,377.12 Crores in FY 2016-17.

The Board of Directors are pleased to recommend for shareholders approval a Final Dividend of 1500% i.e. Rs. 30 per equity share of the face value of Rs.2/- each, in addition to an interim dividend of 2750% i.e. Rs. 55 per equity share of the face value of Rs.2/- each, paid in the month of March 2017, aggregating to a total dividend payout of 4250% amounting to Rs. 1,697.42 Crores (exclusive of tax on dividend) during the financial year ended 31^st March 2017.

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