Hero Honda Motors Limited
NSE Symbol HEROHONDA
Hero Honda has declared reasonable improvement in its Results for the first quarter ending June 2011.
Net Sales has gone up to Rs.5637.64 cr – up by 5.36% from Q4 FY 11(Preceding Qtr) and up by 32.2% from Q1 FY 11(Corresponding Qtr).
However, Raw Materials cost has also gone up to Rs.4241.43 cr – up by 8.06% from Q4 FY 11 and up by 37.49% from Q1 FY 11.
Consequently - Total Expenditure has also gone up to Rs.5105.36 cr – up by 6.4% from Q4 FY 11; and up by 36.42% from Q1 FY 11.
As a result - Profit from Operations at Rs.577.97 cr – is down by 2.46% from Q4 FY 11; but up by 4.28% from Q1 FY 11.
Profit before tax at Rs.669.57 cr – is up by 1.64% from previous qtr (Q4 FY 11) and up by 9.7 from corresponding qtr (Q1 FY 11)
Net Profit at Rs.557.89 cr – is up by 11.22% from Q4 FY 11 and up by 13.46% from Q1 FY 11.
On a Face Value of Rs.2 - Basic EPS comes to Rs.27.94 in Q1 FY 12 – against Rs.25.12 in Q4 FY 11 and Rs.24.62 and in Q1 FY 11.
Current MP is Rs.1820.The annualized EPS will be around Rs.112. On this Basis, the PE Ratio comes to 16.25.
CORPORATE ANNOUNCEMENTS TO NSE
21-07-2011 Hero Honda press release dated July 21, 2011, titled "Hero Honda rides ahead with highest - ever quarterly sales of over 1.5 MN Units in Q1'12".
21-07-2011 Hero Honda standalone Results for the quarter ended on 30-JUN-2011 as follows: Net Sales of Rs. 563764 lacs for quarter ending on 30-JUN-2011 against Rs. 426461 lacs for the quarter ending on 30-JUN-2010. Net Profit / (Loss) of Rs. 55789 lacs for the quarter ending on 30-JUN-2011 against Rs. 49169 lacs for the quarter ending on 30-JUN-2010.
04-05-2011 Hero Honda press release dated May 04, 2011, titled "HERO HONDA POSTS BEST-EVER ANNUAL REVENUES AND SALES IN FY 2011".
04-05-2011 Hero Honda recommended a final dividend @ 1750% i.e. Rs.35/- per equity share of Rs.2/- each for the financial year 2010-11.
04-05-2011 Hero Honda standalone Results for the year ended on 31-MAR-2011 as follows: Net Sales of Rs. 1924503 lacs for year ending on 31-MAR-2011 against Rs. 1575818 lacs for the year ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 192790 lacs for the year ending on 31-MAR-2011 against Rs. 223183 lacs for the year ending on 31-MAR-2010.
13-04-2011 Hero Honda has consiidered and declared an Interim Dividend @ 3500% i.e. Rs.70/- per equity share of Rs.2/- each.
01-04-2011 Hero Honda Motors Limited has informed the Exchange that pursuant to a share transfer agreement amongst the promoters of the Company, Honda Motor Co., Ltd., Japan ("Honda Motor") has transferred whole of its shareholding/voting rights in the Company to Hero Investments Private Limited, forming part of the Indian Promoter Group of the Company. Consequent to the same, Honda Motor ceases to be a promoter within the meaning of the term under all applicable securities laws including the Listing Agreements(s) with the stock exchanges.
RESULTS TABLE
| HERO HONDA | 30-Jun-11 | 31-Mar-11 | 30-Jun-10 |
| Net Sales | 563764 | 535094 | 426461 |
| Other Operating Income | 4569 | 3999 | 3200 |
| Increase in SIT / WIP | 332 | 174 | -2545 |
| Raw Materials | 424143 | 392513 | 308481 |
| Employees Cost | 16452 | 16804 | 14501 |
| Depreciation | 23979 | 23739 | 4828 |
| Other Expenditure | 45630 | 46609 | 48970 |
| Total Expenditure | 510536 | 479839 | 374235 |
| Profit from Operations | 57797 | 59254 | 55426 |
| Other Income | 8841 | 7434 | 5342 |
| Interest | -319 | 810 | -266 |
| Profit before tax | 66957 | 65878 | 61034 |
| Tax expense | 11168 | 15717 | 11865 |
| Net Profit | 55789 | 50161 | 49169 |
| Dividend (%) | - | 1750 | - |
| Face Value (In Rs | 2 | 2 | 2 |
| Paid Up Equity | 3994 | 3994 | 3994 |
| Basic EPS | 27.94 | 25.12 | 24.62 |
| Public Holding (%) | 47.79 | 47.79 | 47.79 |
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