HEROMOTOCO2024-10-012024-12-31 HEROMOTOCO2024-10-012024-12-31 HEROMOTOCO2024-10-012024-12-31in-bse-fin:OneOperatingExpenses01Member HEROMOTOCO2024-10-012024-12-31in-bse-fin:FourOperatingExpenses01Member HEROMOTOCO2024-12-31 HEROMOTOCO2024-10-012024-12-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member HEROMOTOCO2024-10-012024-12-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss02Member HEROMOTOCO2024-10-012024-12-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member HEROMOTOCO2024-10-012024-12-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss02Member HEROMOTOCO2024-10-012024-12-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member HEROMOTOCO2024-10-012024-12-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss02Member HEROMOTOCO2024-10-012024-12-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member HEROMOTOCO2024-10-012024-12-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss02Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 500182 HEROMOTOCO NOTLISTED Hero MotoCorp Limited Equity 2024-04-01 2025-03-31 2025-02-06 2025-01-21 INR Crores Third quarter 15:15:00 18:15:00 2025-02-06 2025-02-06 Not applicable Single segment Automotive 2024-10-01 2024-12-31 Unaudited Consolidated 102598900000.00 3064200000.00 105663100000.00 66134400000.00 1448700000.00 -857900000.00 6832400000.00 165500000.00 2089100000.00 13964100000.00 89776300000.00 15886800000.00 0.00 15886800000.00 3636400000.00 249200000.00 3885600000.00 0.00 12001200000.00 0.00 0.00 0.00 -917400000.00 11083800000.00 64700000.00 11148500000.00 11075500000.00 8300000.00 11126600000.00 21900000.00 400000000.00 2 55.38 55.31 0.00 0.00 55.38 55.31 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, 2024 have been reviewed and recommended by the Audit Committee and approved by the Board of Directors in their meetings held on February 06, 2025.3. On February 06, 2025, the Board of Directors has considered and approved interim dividend @ 5000 % i.e. Rs. 100 per equity share (face value of Rs. 2 per equity share) for the financial year 2024-25.4. During the nine months ended December 31, 2023, the Holding 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, 2024, 19,413 and 77,790 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, 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 nine months ended December 31, 2024, the Company has further invested in its associate. Details are as follows: Name of the Company/ Nature/ Nine months ended December 31, 2024/ Ather Energy Limited / Associate / Rs. 123.83 crores/ Total Rs. 123.83 crores 8. In the quarter ended March 31, 2024, the Income Tax Authorities disallowed, under re-assessment proceedings, 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 unaudited 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 2024-04-01 2024-12-31 Unaudited Consolidated 309536100000.00 7698900000.00 317235000000.00 201486100000.00 4122300000.00 -919900000.00 19841000000.00 537200000.00 6204500000.00 39955700000.00 271226900000.00 46008100000.00 0.00 46008100000.00 10781500000.00 834400000.00 11615900000.00 0.00 34392200000.00 0.00 0.00 0.00 -2321600000.00 32070600000.00 -210400000.00 31860200000.00 32171500000.00 -100900000.00 32017100000.00 -156900000.00 400000000.00 2 160.88 160.60 0.00 0.00 160.88 160.60 Other expenses 13964100000.00 Other expenses 39955700000.00 Re-measurement gains/(losses) on defined benefit plans -34800000.00 Share of Other comprehensive income of associates 1300000.00 Re-measurement gains/(losses) on defined benefit plans -104300000.00 Share of Other comprehensive income of associates 15000000.00 -33500000.00 -89300000.00 -8700000.00 -25900000.00 Exchange differences in translating the financial information of foreign operations 19800000.00 Share of Other comprehensive income of associates 74700000.00 Exchange differences in translating the financial information of foreign operations -165600000.00 Share of Other comprehensive income of associates -23100000.00 94500000.00 -188700000.00 5000000.00 -41700000.00