5001822025-01-012025-03-315001822025-03-315001822024-03-315001822024-04-012025-03-315001822025-01-012025-03-31in-capmkt:OtherExpenses1Member5001822024-04-012025-03-31in-capmkt:OtherExpenses1Member5001822025-01-012025-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15001822025-01-012025-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss25001822024-04-012025-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15001822024-04-012025-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss25001822025-01-012025-03-31ItemsThatWillBeReclassifiedToProfitAndLoss15001822025-01-012025-03-31ItemsThatWillBeReclassifiedToProfitAndLoss25001822024-04-012025-03-31ItemsThatWillBeReclassifiedToProfitAndLoss15001822024-04-012025-03-31ItemsThatWillBeReclassifiedToProfitAndLoss25001822025-01-012025-03-31AuditorDomain1iso4217:INRiso4217:INRxbrli:shares500182HEROMOTOCONOTLISTEDINE158A01026Hero MotoCorp LimitedMain BoardEquity2024-04-012025-03-312025-05-132025-05-06INRCroresQuarterlyFourth quarterSingle segmentAutomotive2025-05-1310:30:002025-05-1314:20:00trueCash Flow IndirectDeclaration of unmodified opinion2025-01-012025-03-31UnauditedConsolidated996981000002741900000102440000000645846000001356800000-1523500000695970000016930000020414000001391300000087501300000149387000000149387000003698700000262900000396160000001097710000000071040000011687500000-1800000001150750000011613300000742000001144670000060800000400000000258.0858.010058.0858.01The above 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). <BR> The above Consolidated financial results for the quarter and year ended March 31, 2025 have been reviewed and recommended by the Audit Committee and approved by the Board of Directors in their meetings held on May 12, 2025 and May 13, 2025, respectively. <BR> On May 13, 2025, the Board of Directors had considered and approved final dividend @ 3,250% i.e. Rs.65 per equity share (face value of Rs.2 per equity share) for the financial year 2024-25. This dividend together with interim dividend @5000% i.e. Rs.100 per equity share, takes the aggregates total dividend for the year 2024-25 to Rs. 165 per equity share i.e. 8,250%. <BR> During the year ended March 31, 2024, 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. <BR> During the quarter and year ended March 31, 2025, 11,305 and 89,095 equity shares respectively of Rs. 2 each were issued and allotted under the Employee Incentive Scheme – 2014. <BR> Particulars of subsidiaries and associates as on March 31, 2025 <BR> a) Subsidiaries (held directly) - HMCL Netherlands B.V., HMC MM Auto Limited, HMCL Americas Inc., Hero Tech Center Germany GmbH <BR> b) Subsidiaries (held indirectly) - HMCL Colombia S.A.S. and HMCL Niloy Bangladesh Limited (subsidiaries of HMCL Netherlands B.V.) <BR> c) Associates - Hero FinCorp Limited (Consolidated) and Ather Energy Limited (formerly known as Ather Energy Private Limited) <BR> Subsequent to year end, an indirect subsidiary, Hero MotoCorp Do Brasil LTDA, was incorporated on April 08, 2025 . As of the date of approval of these financial results , the subsidiary has not yet commenced its operations. Additionally, the Holding Company has made an investment of Rs. 510 crores in Euler Motors Private Limited, which now qualifies as an associate. <BR> During the year ended March 31, 2025, the Company has further invested in its associate. Details are as follows: Name of the Company- Ather Energy Limited (formerly known as Ather Energy Private Limited), Nature- Associate, Year ended March 31, 2025-123.83 Crore, <BR> During the year ended March 31, 2024, the Income Tax Authorities had disallowed certain expenses incurred in prior periods and made a demand of Rs.178 crores. The Company evaluated the demand and based on external legal advice, supporting documents for these expenses and other available information had filed an appeal with the Commissioner of Income Tax – Appeals in April 2024, and concluded that no provision is required for this demand as it is probable that the Company’s position will be accepted upon ultimate resolution. <BR> Further, the Company and its Chairman are under investigation by certain other Government agencies. During the current year, investigation against the Company and the Chairman by certain Government agencies were concluded in their favour. While uncertainty exists regarding the ultimate outcome of the other investigations, based on the developments in favour of the Company’s position and external legal advice, 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. <BR> The figures for the current quarter ended March 31, 2025 and quarter ended March 31, 2024 are the balancing figures between the audited figures for the year ended March 31, 2025 and March 31, 2024, respectively and published results figures upto nine months ended December 31, 2024 and December 31, 2023, respectively which were subjected to limited review. Previous period/year figures have been regrouped/ reclassified wherever necessary. <BR> Subsequent to the quarter ended March 31, 2025, associate of the Company Ather Energy Limited (formerly known as Ather Energy Private Limited), successfully completed its Initial Public Offering (IPO) of equity shares. Following the IPO, the equity shares were listed on the National Stock Exchange Limited (NSE) and BSE Limited (BSE). <BR> 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. <BR> 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 <BR> For and on behalf of the board of directors <BR> DR. PAWAN MUNJAL <BR> Executive Chairman <BR> DIN : 00004223 <BR> Gurugram, Haryana <BR> Date: May 13, 20252024-04-012025-03-31AuditedConsolidated409234200000104408000004196750000002660707000005479100000-2443400000268007000007065000008245900000538687000003587282000006094680000006094680000014480200000109730000015577500000045369300000000-161120000043758100000-3904000004336770000043784800000-2670000043463800000-961000004000000002192320400000218.96218.6900218.96218.69Other Expenses13913000000Other Expenses538687000005219130000010537000004833900000058046000003818100000029809400000476733000000248700000470900000483929000000366040000014956430000020133400000663599000003381290000038355000001905300000270700000141590000010760020000019812000004624100000134338900000002839032000004000000001923204000001927204000001320500000194040900000000034004000003400400000495290000067492000000015102500000456760000021500000056781600000569966000003299000000648632000007681700000221490000000747598000000089862300000283903200000706500000-2574400000-75948000000172800000597000000274290000007675000000164320000008245900000062050000016081000001898000000-1882000002288000004457400000156600000-414640000016112000000156630000000-2321400000586254000000001565150000004297390000001238300000000000224400000856630000049335750000050498200000000000000000000075310000044574000000-1039400000-170336000000069200000000009333000000551600000279983000007065000000100000000-28153900000-22136000000-221360000060491000003835500000Re-measurement gains/(losses) on defined benefit plans-56400000Share of Other comprehensive income of associates-14100000-70500000Re-measurement gains/(losses) on defined benefit plans-160700000Share of Other comprehensive income of associates900000-159800000-14600000-40500000Exchange differences in translating the financial information of foreign operations-22700000Share of Other comprehensive income of associates-107100000-129800000Exchange differences in translating the financial information of foreign operations-188300000Share of Other comprehensive income of associates-130200000-318500000-5700000-47400000-180000000-390400000AuditedtrueDeloitte Haskins & Sells LLPtrue2027-07-31