HERO MOTORCORP
Hero MotoCorp consolidated PAT (Profit After Tax) declined by 30% to INR 621 Cr for Q4FY22. Revenue from operations declined by 13.7% YoY from INR 8,690 Cr in Q4FY21 to INR 7,497 Cr in Q4FY22. The total sales of Hero MotoCorp have declined by 24% from 15.68 lakh units in Q4FY21 to 11.9 lakh units in Q4FY22, this decrease in sales has been lead by high input costs, for the FY22 company’s consolidated PAT has declined by 21% from INR 2,936 Cr in FY21 to INR 2,329 Cr in FY22, revenue from operations dropped to INR 29,551 Cr in FY22 from INR 30,959 Cr in FY21. In FY23, Hero MotoCorp has lined up multiple product launches in different segments with an aim to continue building its premium portfolio as well as premiumization of existing models, which will help deliver growth and profitability. In the coming months, the company will be able to drive profitable growth through the combination of key strategic initiatives such as the acceleration of Leap-II savings program to offset the higher commodity prices and input costs and cash flow management