HomeStock MarketHero MotoCorp's stock down by 3% on flat Q3 earnings

Hero MotoCorp’s stock down by 3% on flat Q3 earnings

Hero MotoCorp’s stock share slipped by 3% earlier on February 11, 2022. That was after the company reported a flat set of earnings for the quarter that ended on December 31, 2021. So, the stock of the two-wheeler maker fell 2.89% to Rs 2,655. That was against the previous close on BSE which was Rs 2,733.95. So, the Hero MotoCorp share trades higher than the moving averages of 20 days, 50 days, and 100 days. On the other hand, it is lower than 5 days and 200 days moving averages.

A detailed vision of Hero Motocorp’s stock

The larger cap stock has grown by 10% this year. However, it also lost 23.69% in the past year. A total number of 6,448 shares of the popular firm changed hands. It has amounted to a turnover of Rs 1.73 crore on BSE. On the other hand, the market cap of Hero Motocorp fell to Rs 53,947 crore on BSE. The Hero MotoCorp hit its 52-week high on February 18, 2021. The amount for the same is Rs 3,628.55. Moreover, its 52-week low was Rs 2,310 as seen on December 20, 2021.

The total decline in Hero Motocorp’s stock

The company logged a decline of 36.7 percent in its net profit that was at Rs 686 crores. This was the amount back in the quarter of December 31, 2021. The same was against a net profit of Rs 1,084 crores a year ago. The total revenue from the operations of Hero MotoCorp fell 19 percent in Q3 to Rs 7,883 crores. That was against Rs 9,776 crore in the corresponding quarter of the last fiscal. However, certain parts of the same business continued performing well at Rs 1,186 crores with a growth of 15 percent. The company itself has revealed these statistics.

Meanwhile, the EBITDA margin for the third quarter remained at 12.2%. Hero MotoCorp has declared an interim dividend of Rs 65 per share. That accounts for 3,250 percent. The board has now fixed February 22, 2022, as the record date for determining the entitlement of members. This is for the purpose of payment of the interim dividend. The payment of such interim dividends of the warrants will be done by March 12, 2022.

Interim announcement

Apart from that, Hero MotoCorp also announced a special interim of Rs 100 crore. It accounts for Rs 5 per equity share. It will mark the historic milestone of achieving 100 million cumulative productions of the vehicles. So, the aggregate interim dividend is Rs 70 per share.

Niranjan Gupta, CFO of Hero MotoCorp said, “Our performance in the third-quarter underlines the company’s operational strength and ability to perform well despite a challenging and volatile environment.” He also added, “The company has been able to drive profitable growth through improvement in market shares, acceleration of savings initiatives, continued control on overheads, and cash flow management.”

The above estimates and statistics have surely brought about a change in Hero MotoCorp. Despite such hassles and similar issues, the company continues to grow and expand its market in India.

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