Vivek Anand
CFO, Hero MotoCorp
Notable Quotes
We are committed to our medium-term margin guidance of 14%-16%.
The company recorded its highest-ever quarterly revenue of INR 12,328 crores, reflecting year-on-year growth of 21%.
We are seeing inflationary trends. We've seen the prices of aluminum, precious metals going up starting last quarter.
The company recorded its highest-ever quarterly revenue of INR 12,126 crores, reflecting year-on-year growth of 16%, highest-ever EBITDA of INR 1,823 crores, growth of 20%, and highest-ever PAT of INR 1,393 crores, growth of 16%.
We've given the guidance on the margin, that the margins will operate between 14% and 16%. In the short term, you are right, it will operate on the lower band of this range.
We have given a guidance to the market of maintaining our EBITDA margins between 14-16%. Directionally, we will be there.
At a 25,000-30,000 levels of volume per month, we hope that this will break even, which, in our view, is a couple of years away.
Our ICE margins improved further to 16.4%. This improvement is driven by operating leverage, mix improvement, cost savings, and pricing.