HEROMOTOCO2023-04-012023-06-30 HEROMOTOCO2023-04-012023-06-30in-bse-fin:OneOperatingExpenses01Member HEROMOTOCO2023-06-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 500182 HEROMOTOCO NOTLISTED Hero MotoCorp Limited Equity 2023-04-01 2024-03-31 2023-08-10 2023-07-21 INR Crores First quarter 15:00:00 18:15:00 2023-08-10 2023-08-10 Not applicable Single segment Automotive 2023-04-01 2023-06-30 Unaudited Standalone 87672700000.00 2221700000.00 89894400000.00 60352800000.00 97600000.00 358700000.00 5801600000.00 46600000.00 1689700000.00 8999500000.00 77346500000.00 12547900000.00 -1599900000.00 10948000000.00 2498300000.00 202500000.00 2700800000.00 0.00 8247200000.00 0.00 0.00 0.00 0.00 8247200000.00 -24600000.00 8222600000.00 0.00 0.00 399700000.00 2 41.27 41.23 0.00 0.00 41.27 41.23 Notes: 1) The above unaudited Standalone 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 Standalone financial results for the quarter ended June 30, 2023 have been reviewed and recommended by the Audit Committee and approved by the Board of Directors in their meetings held on August 10, 2023. 3) On May 04, 2023, the Board of Directors had considered and approved final dividend @ 1750% i.e. Rs. 35 per equity share (face value of Rs.2 per equity share) for the financial year 2022-23. This dividend together with the interim dividend @ 3250% i.e. Rs.65 per equity share, aggregating the total dividend for the year 2022-23 to Rs. 100 per equity share i.e. 5000%, has been approved by the shareholders in the Annual General Meeting held on August 9, 2023. 4) During the current 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 standalone financial results. 5) During the current quarter ended June 30, 2023, 1,936 equity shares respectively of Rs. 2 each were issued and allotted under the Employee Incentive Scheme – 2014. 6) During the current quarter ended June 30, 2023, the Company has further invested in its subsidiary. Details are as follows:- Name of the Company Nature Amount (Rs. in Crore) HMCL Netherlands B.V Subsidiary 22.50 Total 22.50 7) Based on the guiding principles given in Ind AS-108 on 'Operating Segments', the Company's business activity fall within a single operating segment, namely automotive segment. 8) The figures for the quarter ended March 31, 2023 are the balancing figures between the audited figures for the year ended March 31, 2023 and published results upto nine months ended December 31, 2022 which were subjected to limited review. 9) 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. 10) The above results of the Company are available on the Company's website www.heromotocorp.com and also on www.bseindia.com and www.nseindia.com. Other Expesnes 8999500000.00 24600000.00