Hero MotoCorp Q4: Strong Growth with Margin Improvement

Key Highlights • Net Profit: ₹1,401 Cr (↑29.6% YoY) • Revenue: ₹12,797 Cr (↑28.8% YoY) • EBITDA: ₹1,856 Cr (↑31.0% YoY) • EBITDA Margin: 14.5% (vs 14.2% YoY) Shareholder Return • Final Dividend: ₹75 per share What Stands Out • Strong volume-driven revenue growth • Operating leverage supporting profit expansion • Margins improved despite cost pressures Learning Outcome In auto companies, higher volumes often drive operating leverage, leading to faster profit growth than revenue.