HEROMOTOCO2024-07-012024-09-30 HEROMOTOCO2024-07-012024-09-30 HEROMOTOCO2024-07-012024-09-30in-bse-fin:OneOperatingExpenses01Member HEROMOTOCO2024-07-012024-09-30in-bse-fin:FourOperatingExpenses01Member HEROMOTOCO2024-09-30 HEROMOTOCO2024-07-012024-09-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member HEROMOTOCO2024-07-012024-09-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss02Member HEROMOTOCO2024-07-012024-09-30in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member HEROMOTOCO2024-07-012024-09-30in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss02Member HEROMOTOCO2024-07-012024-09-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member HEROMOTOCO2024-07-012024-09-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss02Member HEROMOTOCO2024-07-012024-09-30in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member HEROMOTOCO2024-07-012024-09-30in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss02Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 500182 HEROMOTOCO NOTLISTED Hero MotoCorp Limited Equity 2024-04-01 2025-03-31 2024-11-14 2024-11-02 INR Crores Half yearly 15:00:00 19:05:00 2024-11-14 2024-11-14 true Cash Flow Indirect Not applicable Single segment Automotive 2024-07-01 2024-09-30 Unaudited Consolidated 104829300000.00 2386600000.00 107215900000.00 69185800000.00 1458100000.00 -1380000000.00 6729400000.00 183200000.00 2061000000.00 13475100000.00 91712600000.00 15503300000.00 0.00 15503300000.00 3695800000.00 280000000.00 3975800000.00 0.00 11527500000.00 0.00 0.00 0.00 -862800000.00 10664700000.00 -56900000.00 10607800000.00 10637100000.00 27600000.00 10590800000.00 17000000.00 400000000.00 2 53.19 53.08 0.00 0.00 53.19 53.08 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 half year ended September 30, 2024 have been reviewed and recommended by the Audit Committee and approved by the Board of Directors in their meetings held on November 13 and November 14, 2024, respectively. 3. On May 08, 2024, the Board of Directors had considered and approved final dividend @ 2000% i.e. Rs.40 per equity share (face value of Rs.2 per equity share) for the financial year 2023-24. This dividend together with interim & special dividend, marking the centennial year of Chairman Emeritus Dr Brijmohan Lall Munjal of Rs.100 per equity share, takes the aggregates total dividend for the year 2023-24 to Rs. 140 per equity share i.e.7000%, has been approved by the shareholders in the Annual General Meeting held on August 12, 2024. 4. During the half year ended September 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 half year ended September 30, 2024, 49,008 and 58,377 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 September 30, 2024 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. and HMCL Niloy Bangladesh Limited (subsidiaries of HMCL Netherlands B.V.) c) Associates - Hero FinCorp Limited (Consolidated) and Ather Energy Limited 7. During the quarter and half year ended September 30, 2024, the Company has further invested in its associate. Details are as follows: (Rs. In crores) Name of the Company/ Nature/ Quarter ended June 30, 2024/ Quarter ended September 30, 2024/ Ather Energy Limited / Associate/ - /123.83 / Total/ - / 123.83. 8. In the quarter ended March 31, 2024, the Income Tax Authorities disallowed certain expenses incurred in prior periods and made a demand of Rs.178 crores. The Company has evaluated the demand and based on external legal advice, supporting documents for these expenses and other available information has filed an appeal with the Commissioner of Income Tax – Appeals, and has concluded that there is no provision required for this demand as it is probable that the Company’s position will be accepted upon ultimate resolution. Further, the Company and its Chairman are under investigation by certain other Government agencies. These investigations have not been concluded. While uncertainty exists regarding the ultimate outcome of the investigation, the Company after considering available information and facts, as of the date of approval of these financial results, has not identified any adjustments, disclosures or any effect to 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. For and on behalf of the board of directors, DR. PAWAN MUNJAL, Executive Chairman, DIN : 00004223, New Delhi, Date- November 14, 2024 Single segment 2024-04-01 2024-09-30 Unaudited Consolidated 206937200000.00 4634700000.00 211571900000.00 135351700000.00 2673600000.00 -62000000.00 13008600000.00 371700000.00 4115400000.00 25991600000.00 181450600000.00 30121300000.00 0.00 30121300000.00 7145100000.00 585200000.00 7730300000.00 0.00 22391000000.00 0.00 0.00 0.00 -1404200000.00 20986800000.00 -275100000.00 20711700000.00 21096000000.00 -109200000.00 20890500000.00 -178800000.00 400000000.00 2 105.50 105.29 0.00 0.00 105.50 105.29 Other Expenses 13475100000.00 Other Expenses 25991600000.00 1237800000.00 51650400000.00 1453800000.00 4691900000.00 0.00 5074200000.00 4460900000.00 0.00 30061600000.00 47661000000.00 0.00 221600000.00 1295900000.00 49178500000.00 1753900000.00 1187100000.00 149512300000.00 19337000000.00 72074300000.00 41160900000.00 2323800000.00 668100000.00 248900000.00 1572900000.00 118048900000.00 0.00 5713300000.00 143099200000.00 0.00 0.00 292611500000.00 400000000.00 189705100000.00 190105100000.00 191342900000.00 0.00 0.00 1812000000.00 1812000000.00 4284500000.00 6238600000.00 0.00 1901500000.00 14236600000.00 3573100000.00 72101700000.00 2575400000.00 78250200000.00 6895300000.00 1886500000.00 0.00 0.00 87032000000.00 101268600000.00 292611500000.00 371700000.00 -1778100000.00 -14950900000.00 0.00 -916400000.00 5000000.00 0.00 3260900000.00 0.00 15872400000.00 0.00 856800000.00 0.00 4115400000.00 0.00 292100000.00 1007600000.00 41800000.00 0.00 -185400000.00 216800000.00 1592800000.00 143400000.00 -2098100000.00 1404200000.00 0.00 770800000.00 0.00 0.00 3595200000.00 33716500000.00 0.00 0.00 0.00 5543300000.00 0.00 28173200000.00 0.00 1238300000.00 0.00 0.00 0.00 0.00 0.00 0.00 89300000.00 4597200000.00 252630200000.00 272869800000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 741100000.00 1592800000.00 0.00 166400000.00 0.00 -23485500000.00 0.00 0.00 39300000.00 0.00 0.00 0.00 0.00 0.00 0.00 61200000.00 0.00 122200000.00 7997200000.00 371700000.00 0.00 100000000.00 -8413000000.00 -3725300000.00 0.00 -3725300000.00 6049100000.00 2323800000.00 Re-measurement gains/(losses) on defined benefit plans -34700000.00 Share of Other comprehensive income of associates -10300000.00 Re-measurement gains/(losses) on defined benefit plans -69500000.00 Share of Other comprehensive income of associates 13700000.00 -45000000.00 -55800000.00 -8600000.00 -17200000.00 Exchange differences in translating the financial information of foreign operations -3900000.00 Share of Other comprehensive income of associates -17600000.00 Exchange differences in translating the financial information of foreign operations -185400000.00 Share of Other comprehensive income of associates -97800000.00 -21500000.00 -283200000.00 -1000000.00 -46700000.00