HEROMOTOCO2023-10-012023-12-31 HEROMOTOCO2023-10-012023-12-31 HEROMOTOCO2023-10-012023-12-31in-bse-fin:OneOperatingExpenses01Member HEROMOTOCO2023-10-012023-12-31in-bse-fin:FourOperatingExpenses01Member HEROMOTOCO2023-12-31 HEROMOTOCO2023-10-012023-12-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member HEROMOTOCO2023-10-012023-12-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss02Member HEROMOTOCO2023-10-012023-12-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member HEROMOTOCO2023-10-012023-12-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss02Member HEROMOTOCO2023-10-012023-12-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member HEROMOTOCO2023-10-012023-12-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss02Member HEROMOTOCO2023-10-012023-12-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member HEROMOTOCO2023-10-012023-12-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss02Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 500182 HEROMOTOCO NOTLISTED Hero MotoCorp Limited Equity 2023-04-01 2024-03-31 2024-02-09 2024-02-02 INR Crores Third quarter 14:00:00 17:45:00 2024-02-09 2024-02-09 Not applicable Single segment Automotive 2023-10-01 2023-12-31 Unaudited Consolidated 97878600000.00 2435700000.00 100314300000.00 65058700000.00 23100000.00 460200000.00 6184200000.00 227400000.00 1939200000.00 12303600000.00 86196400000.00 14117900000.00 0.00 14117900000.00 3544500000.00 105100000.00 3649600000.00 0.00 10468300000.00 0.00 0.00 0.00 442900000.00 10911200000.00 -131000000.00 10780200000.00 10934100000.00 -22900000.00 10810700000.00 -30500000.00 399800000.00 2 54.71 54.59 0.00 0.00 54.71 54.59 Notes: 1) The above unaudited Consolidated financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under Section 133 of Companies Act, 2013, read together with the Companies (Indian Accounting Standard) Rules, 2015 (as amended). 2) The above unaudited Consolidated financial results for the quarter and nine months ended December 31, 2023 have been reviewed and recommended by the Audit Committee and approved by the Board of Directors in their meetings held on February 09, 2024. 3) On February 09, 2024 the Board of Directors has considered and approved interim dividend of Rs. 75 per share and a special dividend of Rs. 25 per share, to mark the centennial year of Chairman Emeritus Dr Brijmohan Lall Munjal. This takes the aggregate interim dividend to Rs. 100 per share i.e. 5000% (face value of Rs.2 per equity share) for the financial year 2023-24. 4) During the quarter ended June 30, 2023, the Company has introduced a voluntary retirement scheme (VRS) and has provided Rs. 159.99 crores for employees who have accepted to be part of VRS and has disclosed the same as exceptional item in the consolidated financial results. 5) During the quarter and nine months ended December 31, 2023, 18,175 and 47,435 equity shares respectively of Rs. 2 each were issued and allotted under the Employee Incentive Scheme – 2014. 6) Particulars of subsidiaries and associates as on December 31, 2023 a) Subsidiaries (held directly) - HMCL Netherlands B.V., HMC MM Auto Limited, HMCL Americas Inc., Hero Tech Center Germany GmbH b) Subsidiaries (held indirectly) - HMCL Colombia S.A.S., HMCL Niloy Bangladesh Limited (subsidiaries of HMCL Netherlands B.V.) c) Associates - Hero FinCorp Limited (Consolidated) and Ather Energy Private Limited 7) During the current quarter and nine months ended December 31, 2023, the Company has further invested in its subsidiaries & associate. Details are as follows: (Rs.Crore) Name of the Company Nature Quarter ended Quarter ended Nine Months ended 30-09-2023 30-12-2023 31-12-2023 HMCL Netherlands B.V Subsidiary - - 22.50 Ather Energy Pvt Ltd Associate 500.00 - 500.00 HMC MM Auto Limited Subsidiary - 15.00 15.00 Total 500.00 15.00 537.50 8) The Company and its Chairman are under investigation by Income tax Department and Other Government Authorities in respect of certain transactions in prior periods. While uncertainty exists regarding the outcome of such investigations, pending completion as at the date of these quarterly financial results, the Company after considering available information and facts as of the date of approval of these financial results, has not identified for any adjustments, disclosures or any effect to the current or prior period financial statements or financial information. 9) Based on the guiding principles given in Ind AS-108 on 'Operating Segments', the Group's business activity fall within a single operating segment, namely automotive segment. 10) The above consolidated financial results of the Group are available on the Company's website www.heromotocorp.com and also on www.bseindia.com and www.nseindia.com Single segment 2023-04-01 2023-12-31 Unaudited Consolidated 281719400000.00 6772100000.00 288491500000.00 190675500000.00 171500000.00 960700000.00 18081200000.00 687300000.00 5607500000.00 32269900000.00 248453600000.00 40037900000.00 -1599900000.00 38438000000.00 9331500000.00 662700000.00 9994200000.00 0.00 28443800000.00 0.00 0.00 0.00 -456800000.00 27987000000.00 -209800000.00 27777200000.00 28098200000.00 -111200000.00 27885700000.00 -108500000.00 399800000.00 2 140.58 140.34 0.00 0.00 140.58 140.34 Other Expenses 12303600000.00 Other Expenses 32269900000.00 Re-measurement gains/(losses) on defined benefit plans -33200000.00 Share of Other comprehensive income of associates -2500000.00 Re-measurement gains/(losses) on defined benefit plans -99500000.00 Share of Other comprehensive income of associates -4100000.00 -35700000.00 -103600000.00 -8300000.00 -24800000.00 Exchange differences in translating the financial information of foreign operations -46100000.00 Share of Other comprehensive income of associates -69100000.00 Exchange differences in translating the financial information of foreign operations -23100000.00 Share of Other comprehensive income of associates -113700000.00 -115200000.00 -136800000.00 -11600000.00 -5800000.00