Annual Report 2008-2009 of Hero MotoCorp Limited (India)

It is a broadly described annual report of Hero MotoCorp Limited (India) in the year of 2008-2009. During the financial year, The Company’s total sales (net of excise duty) increased by 19.2 percent to Rs. 12,319 Crores from Rs. 10,332 Crores in 2007-08. The company’s earnings before interest depreciation and taxes (EBITDA) margins increased from 13.33 percent in 2007-08 to 14.16 percent in 2008-09 and the operating profit (PBT before other income) increased by 28.4 percent from Rs. 1,221.79 Crores in 2007-08 to Rs. 1,568.86 Crores in 2008-09. The Company posted a Profit after tax (PAT) of Rs. 1,282 Crores, compared to Rs. 968 Crores in the previous fiscal, a growth of 32 percent. Other income increased by 19.0 percent from Rs. 185 Crores in 2007-08 to Rs. 221 Crores in 2008-09.

The Board of Directors of the company has recommended a Dividend of @1000% i.e. Rs. 20/- per equity share of Rs. 2/- aggregating to Rs. 399.38 Crores (exclusive of corporate dividend tax) for shareholders approval for the financial year ended 31^st March 2009.

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