Hero Moto Corp

Only available on StudyMode
  • Download(s) : 104
  • Published : January 15, 2013
Open Document
Text Preview
“”HERO MOTO CORP””

Group “S3R”
Shresth Kashyap
Sushobhan Das
Rajesh Verma
Saikat Das

ANNUAL Report (hero Moto Corp)

Director Report
   Mar 2012
The, the Directors of Hero Moto Corp Ltd., are delighted to present the 29th Annual Report for the financial year 2011-12. The Report is being presented along with the Audited Statement of Accounts of the Company for the financial year ended March 31, 2012, of its first complete financial year since embarking its solo journey.

FINANCIAL RESULTS

Rs. crores

Particulars For theyear ended

March 31, 2012 March 31, 2011

Gross Sales of Products 25,024.04 20,662.39

Total Revenue 23,943.60 19,687.55

Profit before Finance Costs &
Depreciation 3,983.35 2,822.31

Less: Finance Costs 21.30 15.17

Depreciation 1,097.34 402.38

Profit before tax (PBT) 2,864.71 2,404.76
Less: Provision for tax

- Current 569.76 475.76

- Deferred -38.51 94.02

- Minimum Alternate Tax Credit -44.67 -92.92

Profit after tax (PAT) 2,378.13 1,927.90

Add: Balance of profit
brought forward 1,444.80 2,146.55

Balance available for
appropriation 3,822.93 4,074.45
Appropriations

Dividend

- Interim - 1,397.81

- Proposed Final 898.59 698.91

Corporate Dividend Tax 145.77 340.14

Transfer to General Reserve 240.00 192.79

Balance carried to Balance

Sheet 2,538.57 1,444.80

Dividend (%) 2,250 5,250

Basic and Diluted
Earnings Per Share (EPS) (Rs.)

- before exceptional items 119.09 100.53

- after exceptional items 119.09 96.54

BUSINESS PERFORMANCE

Fuelled by its landmark sales of over 62,35,205 units in this financial
year compared to 54,02,444 units for the last financial, your Company
notched 15.41% growth in sales. In value terms total sales (net of
excise duty) increased by 21.42% to Rs. 23,368 crores from Rs. 19,245
crores in 2010-11.

During the year, the Company not only retained its position as the
World''s largest Two-Wheeler manufacturer Company but continued to
lead with the domestic market share of around 45%.

Net Income from Operations of the Company grew by 21.55%, from Rs. 19,398
crores to Rs. 23,579 crores in 2011-12. The Company''s Earnings before
Interest Depreciation and Taxes (EBITDA) margins stands at 15.35% in
2011-12. Profit before Tax increased by 19.13% from Rs. 2,405 crores in
2010-11 to Rs. 2,865 crores in 2011-12.

The...
tracking img