Hero Motocorp on Thursday reported a strong set of Q4 numbers with its net profit coming in at Rs 858.9 crore against Rs 627 crore posted in the same period last year, a jump of 37%. The automaker’s revenue came in higher by 11.9% on a YoY basis at Rs 8,306 crore against Rs 7,421 crore reported in the same period last year.
The company’s margin too grew by 180 bps on a year-on-year basis to 13% against 11.2% in Q4FY22. The board of the company also recommended a final dividend of Rs 35 per share for FY23.