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Hero MotoCorp Ex-Dividend: Hero MotoCorp Limited previously announced a special dividend of Rs 25, an interim dividend of Rs 75, and a final dividend of Rs 40 for the financial year 2023-24.
Hero MotoCorp Shares Trade Ex-Dividend Today: Payment Date & Key Details
Hero MotoCorp Interim Dividend Record Date: Hero MotoCorp Limited, the leading 2-wheeler manufacturer, has announced an interim dividend of Rs 100 per equity (5000 per cent) for the financial year 2024-25. The company declared the cash reward for the shareholders in the third quarterly earnings of FY2024-25.
The shares of Hero MotoCorp Limited will remain in the focus today due to the ex-dividend date, February 12, 2025. Ex-date is the day on or after which the dividend loses its value for payment to shareholders. Investors only get dividends if they purchase the stock before the ex-dividend date.
Hero MotoCorp Interim Dividend 2025 Record Date
Hero MotoCorp Limited has fixed February 12, 2025, as the record date for determining members’ entitlement for payment of interim dividends.
Hero MotoCorp Interim Dividend 2025 Payment Date
The payment of the interim dividend will be completed by March 08, 2025.
Hero MotoCorp Q3 Results FY2024-25
The company’s Revenue from Operations for the quarter stood at Rs. 10,211 Crore, this is the third consecutive quarter when the Company has reported revenue above Rs.10,000 Crore. Furthermore, the EBITDA margin expanded over the previous year and stood at 14.5%. Profit After Tax (PAT) stood at Rs.1,203 Crore, a growth of 12% over the previous year.
The consolidated Revenue and PAT for the quarter were Rs.10,260 Crore and Rs.1,108 Crore, respectively. Earnings before Interest, Tax, Depreciation & Amortization (EBITDA) for Q3 FY’25 stands at Rs. 1,476 Crore, a growth of 8%.
14.64 lakh units of motorcycles and scooters sold in Q3 FY’25 (vs 14.60 lakh units Q3FY’24).
Hero MotoCorp Dividend History
Hero MotoCorp Limited previously announced a special dividend of Rs 25, an interim dividend of Rs 75, and a final dividend of Rs 40 for the financial year 2023-24.
Hero MotoCorp Share Price
Hero MotoCorp Limited shares settled at Rs 4082.15 per share with a drop of -2.73 per cent on Tuesday, February 11, 2025. The stock’s 52-week movement indicates a high of Rs 6,245 and a low of Rs 3,999.
Should You Buy, Sell Or Hold Hero MotoCorp Shares?
Citi has continued with its ‘buy’ call on the stock with the target price slashed to Rs 5,400 from the earlier Rs 6,300 per share. As per the brokerage, the company’s Q3 performance was ahead of estimates on the back of steady margins and a positive outlook for rural demand. Further, the brokerage pointed out that the company’s market share could continue to face pressure as the competitive landscape remains challenging. Likewise, the brokerage has slashed its volume forecasts by 4 per cent over FY25-27.
Morgan Stanley, meanwhile, remains ‘underweight’ on the stock with the target pegged at Rs 4,110 per share.
Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
